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NEW YORK (AP) - A raft of overall stronger economic data pushed U.S. Treasury bond prices to hit fresh lows Friday, as investors grew decidedly less convinced of an impending ease in interest rates.
Trading on Friday knocked the 10-year note to hit a high yield of 4.96 percent, a level last reached in August 2006.
At 5 p.m. EDT, the 10-year Treasury note was down $5.00 per $1,000 in face value, or 16/32 point, from its level at 5 p.m. Thursday. Its yield, which moves in the opposite direction, rose to 4.96 percent from 4.89 percent.
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