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The surprise fall in 10-year Treasury yields could continue. Here’s what it means

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A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.

Carlo Allegri | Reuters

The benchmark 10-year Treasury yield has fallen into a surprisingly low range and is defying the widely held view that interest rates were on a one-way march higher.

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