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NEW YORK (AP) - Treasury prices slid Thursday morning as the previous session's exuberance, caused by a Federal Reserve statement that was seen as increasing the chance of interest-rate cuts, abated.
At 11 a.m. EDT, the 10-year Treasury note was down $1.56 per $1,000 in face value, or 5/32 point, from its level at 5 p.m. Wednesday. Its yield, which moves in the opposite direction, rose to 4.56 percent from 4.54 percent.
The 30-year bond fell 18/32 point. Its yield rose to 4.76 percent from 4.72 percent.
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