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Atlanta Fed Bank President Raphael Bostic on Tuesday said the US central bank does not need to raise rates any further, and expects no recession ahead. Benchmark 10-year yields posted their largest daily drop since mid-July, while those on 2-year notes had their biggest daily decline since late August. In afternoon trading, US 10-year yields fell to one-week lows and were last down 12.5 basis points at 4.657%.
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