US10Y drops below 4% for the first time in 5-months as CPI data arrives

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Bond yield with dollar banknotes. Business and financial management.

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U.S. Treasury yields retreated on Thursday morning as investors piled into government bonds following a hotter-than-expected consumer price index (CPI) report, fueling speculation over the Federal Reserve’s next policy move.

The benchmark U.S. 10 Year Treasury yield (US10Y) briefly dipped

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