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US Treasury Yield Back to Lowest Level in Five Months

The benchmark 10-year US Treasury yield fell to 1.23% on Monday, returning to a 5-month low.

Investors await the Federal Open Market Committee’s meeting later in the week for more clues on the Fed’s next moves, stimulus, and the economic outlook.

Concerns about the rapid spread of the delta variant and its impact on the economy remain in the spotlight.

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