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10-year Treasury yield back above 2.3% as investors shun havens

Treasury prices retreated Tuesday, continuing to send yields higher, as investors continued to pile back into stocks and other assets perceived as risky at the expense of traditional havens like government bonds. The yield on the 10-year note climbed 5.6 basis points to 2.3330%, briefly approaching the two-week high of 2.315% before heading lower. The yield on the two-year note rose 4.1 basis points to 1.275%, while the yield on the 30-year Treasury bond, also known as the long bond, rose 5.5 basis points to 2.983%.

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