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NEW YORK (AP) - Treasury bond prices settled lower Friday, capping a miserable week for a market that remains spooked by the fear of rising inflation and pre-emptive rate increases by the Federal Reserve continuing into next year.
At 5 p.m. EDT, the 10-year Treasury note was down 5/32. Its yield, which generally moves in the opposite direction, rose to 4.57 percent from 4.56 percent.
The current yield is well above the 4.38 percent low seen at the start of the week and just shy of this week's high around 4.61 percent. The high for the year was 4.69 percent, back in March.
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