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Treasury yields hit 5-week low, set for 3rd straight decline

Treasury yields touched their lowest levels in more than five weeks on Friday as President Donald Trump offered no new details about his plans for implementing the sweeping economic policies he has promised.

The yield on the 10-year Treasury note TMUBMUSD10Y, -2.20% dropped 4.5 basis points to 2.327%, its lowest level since Jan. 17. The yield on the two-year note TMUBMUSD02Y, -3.00% slid 2.3 basis points to 1.161%. The yield on the 30-year bond TMUBMUSD30Y, -1.80% shed 4.7 basis points to 2.967%. Bond yields move inversely to prices.

Speaking at the Conservative Political Action Committee hearing on Friday, Trump reiterated that he plans to invest heavily in American infrastructure while slashing taxes for businesses and middle-class families.

His remarks echoed assurances from Treasury Secretary Steven Mnuchin, who, in a series of interviews from earlier in the week, noted that the administration plans to enact its tax-reform plans before...


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