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NEW YORK (AP) - U.S. Treasurys took a hit Tuesday, as the market sold off amid a heavy slew of corporate bond issuance and with investors growing even more downbeat on government bonds.
At 5 p.m. EDT, the 10-year Treasury note was down $3.44 per $1,000 in face value, or 11/32 point, from its level at 5 p.m. Friday. Its yield, which moves in the opposite direction, rose to 4.83 percent from 4.79 percent.
The 30-year bond fell 22/32 point. Its yield rose to 4.98 percent from 4.94 percent.
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