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10-year Treasury yield rebounds off November lows, after jobs report, Syria

Treasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the lowest since November—in the aftermath of the U.S. Navy’s attack on Syrian targets, which sent investors scurrying to the safety of government bonds, pushing prices higher and yields firmly lower. For the week, the benchmark bond’s yield declined 2.1 basis points, according to Dow Jones data. One basis point is equal to one hundredth of a percentage point.

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