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US Treasury yields lower amid dovish Fed comments; G-20 summit in focus

November 30, 2018

Via: CNBC

U.S. government debt prices rose on the final trading day of the month as investors digested dovish sentiment from the Federal Reserve and looked ahead to the upcoming G-20 summit in Argentina.

The yield on the benchmark 10-year Treasury note dipped to around 3.015 percent, while the yield on the 30-year Treasury bond fell to 3.311 percent. Bond yields move inversely to prices.

Attention was attuned to minutes from the Fed’s November 7-8 meeting, which showed the U.S. central bank was on track for a hike to the federal funds rate in December, but that it is worried about the effect trade tensions and corporate debt could have on economic growth.

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