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Yields on US Government Bonds Sink, Another Consequence of Brexit

Yields on long-term U.S. government bonds and notes fell to record low levels Tuesday, as global investors went on a buying spree in the hope of escaping the turbulence that has roiled financial markets following Britain's Brexit vote to leave the European Union. U.S. Treasury 10-year notes closed at 1.37 percent, after touching an intraday low point of 1.357 percent. The previous low rate for the benchmark notes was 1.404 percent in July 2012, during a sovereign debt crisis in the...

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