But the move also raises questions about U.S. government borrowing, he said. As a result, supply concerns could continue to weigh on the long end of the U.S. yield curve, pushing interest rates higher and steepening the yield curve.
Ten-year Treasury note prices fell, pushing yields up (UST10Y 3.69, +0.00, +0.1%) 4 basis points, or 0.04%, to 3.74%.
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