10-year Treasury yield rises slightly further, putting pressure on stocks

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10-year Treasury yield rises slightly further, putting pressure on stocks
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The U.S. 10-year Treasury yield rose again on Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.

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After jumping 12 basis points on Monday, the yield on the 10-year Treasury rose more than 2 basis points to 4.206% on Tuesday, a level it has not reached in three months.

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