Ten-year Treasury yields rise to fresh 16-year highs after hawkish Fed projections

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By News Room 1 Min Read

Ten-year Treasury yields rose Thursday to their highest since 2007 as investors absorbed suggestions from the Federal Reserve on Wednesday that it would likely keep interest rates higher for longer.

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Benchmark 10-year Treasury yields climbed to their highest level since 2007 as investors absorbed the Federal Reserve’s projections, delivered Wednesday, that suggested another interest rate rise this year and that borrowing costs were unlikely to be cut until much later in…

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