Treasuries Rise as Equities Tumble

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Treasuries were generally stronger as investors couldn't find a way to commit to equities. The two-year note didn't participate in the rally, but remained flat at 101 13/32, yielding 2.87% at around 3 p.m. EDT. The 10-year note gained 13/32 to 102 14/32, lowering the yield to 4.69%. The 30-year bond climbed 17/32 to 97, dropping the yield to 5.58%.