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(29 Aug 2025, 10:42)

US 10-year Treasury yield around three-week low as PCE data weighs

The US treasuries edged up further, keeping yields pinned near three-week low. The yield on the benchmark ten-year note, which moves opposite of its price, dropped around 3 basis points to 4.20%. Yields slipped despite steady economic cues as US Commerce Department released a report showing the US economy grew by more than previously estimated in the second quarter of 2025. The report said real gross domestic product shot up by 3.3% in the second quarter compared to the previously reported 3% surge. The overall sentiments remained cautious ahead of the release of Personal Consumption Expenditures data today - the Fed's preferred inflation gauge.
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