US 10-Year Yield Set to End Week Higher
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The yield on the 10-year US Treasury note ended the week at around 4.24%, slightly higher amid volatile market conditions. The increase followed President Trump's tariff threats against European nations regarding his Greenland plan, which initially caused a surge in yields. However, after a NATO agreement, Trump reversed his stance. Additionally, global bond market fluctuations and strong US economic data contributed to the yield's movement, with expectations that the Federal Reserve will maintain steady interest rates next week.
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