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Thursday March 25, 12:38
Treasurys move modestly lower on Fed's Guynn's view

Benchmark 10-year Treasury notes reversed to trade modestly lower after Atlanta Federal Reserve President Jack Guynn said the central bank's interest-rate "patience is not unlimited". His remarks increase the likelihood for a Fed rate hike later this year, bond traders said. Still, ongoing geopolitical risks have limited any downside for the "safe-haven" bond market, pinning benchmark yields near eight-month lows. The 10-year note was 2/32 lower at 102 15/32, yielding 3.70 percent vs. 3.69 percent at the previous U.S. close.
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