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Budget turmoil sends Italian bond yields jumping
William Watts MarketWatch
Treasury yields edged lower Thursday, extending a pullback seen Thursday after the Federal Reserve delivered a widely expected rate increase and left its forecasts largely unchanged, prompting a relief rally in bond prices.
The yield on the 10-year Treasury note fell 0.7 basis point to 3.051%, while the 2-year note yield was off 0.4 basis point at 2.823%. The 30-year Treasury bond yield was down 1 basis point at 3.182%. Yields and debt prices move in opposite directions.