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Treasury Yields Plummet

The dollar is mixed.

Treasury prices were surging Tuesday as data pointing to softness in the economy diminished the chance of any rate hikes in the near future.

The 10-year note was up 22/32 in price to 100 21/32, yielding 4.54%, and the 30-year bond was advancing 1 9/32 to 101 19/32, yielding 4.65%. Prices and yields move in opposite directions.

On the shorter end, the two-year note was up 7/32 to 100 6/32, yielding 4.64%, and the three-year was better by 9/32 to 100 17/32, yielding 4.55%. The five-year climbed nearly 15/32 to 100 17/32 and was yielding 4.51%.

As for currencies, the dollar gave up ground to the euro, the yen and the Swiss franc. The greenback rose against the pound, the Australian dollar and the Canadian dollar.

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