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10-year Treasury yield ticks higher as market awaits key inflation data for clues to Fed move

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U.S. Treasury yields were slightly higher on Friday as investors await a closely watched inflation number for clues to the Fed's next interest rate move.

was up about 1 basis point to 3.6856%, while the yield on the 2-year U.S. Treasury note was little changed at 4.2636%., in a move aimed at cushioning the effects of protracted monetary stimulus measures.

U.S. government data released on Thursday, however, showed gross domestic product increased at an annual rate of 3.2% in the third quarter, higher than a previous estimate of 2.9%. The economy contracted 0.6% in the second quarter.

 

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