10-year Treasury yield rises slightly further, putting pressure on stocks

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10-year Treasury yield rises slightly further, putting pressure on stocks
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The U.S. 10-year Treasury yield rose again on Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.

After jumping 12 basis points on Monday, the yield on the 10-year Treasury rose more than 2 basis points to 4.206% on Tuesday, a level it has not reached in three months.

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