5/24, 4:06 PM (Source: TeleTrader)
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Treasury yields fall as stock sell-off continues

United States Treasury yields slipped on Tuesday as the investors turned to safe-haven assets such as bonds, amid what looks like a continuation of a sell-off on Wall Street.

The traders will be looking for tips and hints from the central bankers on the future monetary policy steps, with recently re-elected Federal Reserve Chair Jerome Powell slated to speak later during the day.

The return on the 10-year Treasury note dropped 11 basis points to 2.749% at 10:04 am ET. The yield on the two-year note dove 13.6 basis points to 2.489% at the same time, while the return on the 30-year bond moved down by 8.7 basis points to stand at 2.979% a minute later.

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