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U.S. Treasury Yields Fall as Oil Prices Decline
Global government bond yields fell Monday, helped by declining oil prices and as investors anticipate that further measures from the U.S. Treasury are possible to tame high yields.
The U.S. Treasury last week doubled the volume of long-end debt buybacks after yields rose to multiyear highs. On Monday, a slight decline in global bond yields has been helped by lower oil prices even as the prospect of a peace deal in the Middle East remains elusive, while traffic via the Strait of Hormuz stays disrupted.
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