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Treasurys pare losses after U.K. formally begins Brexit process

Treasury prices gained some ground on Wednesday after U.K. Prime Minister Theresa May began the Article 50 process, which formally begins the process of taking the country out of the European Union. The yield on the 10-year Treasury note slipped 2.6 basis points to 2.398%. The yield on the 30-year Treasury bond fell 2.3 basis points to 3.006%. The yield on the 2-year Treasury note fell 2 basis points to 1.286%.

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