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NEW YORK (AP) - The yield on the 10-year Treasury note reached its highest level in more than five years Tuesday afternoon, as prices continued to slump amid broad market selling.
The yield tapped as high as 5.27 percent, a level it last reached in mid-May 2002.
At 5 p.m. EDT, the 10-year Treasury note was down $10.63 per $1,000 in face value, or 1 2/32 point, from its level at 5 p.m. Monday. Its yield, which moves in the opposite direction, rose to 5.30 percent from 5.16 percent.
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