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Market Update: US 10-Year Treasury Note Turns Higher
The yield on the benchmark 10-year Treasury note turned higher to above 1.3% on Tuesday, after some ECB officials are turning more hawkish and as investors are waiting for key US data releases. A Dutch central governor Klass Knot said that the immediate slowdown in European Central Bank stimulus may be justified and the emergency bond-buying could be stopped in March as the euro zones inflation outlook may have improved markedly. Meanwhile, the US payrolls report will be in the spotlight on Friday as the Fed is focusing on recovery in the labor market to set the timeline to monetary policy tightening in the US. source: U.S. Department of the Treasury [/s2If]
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