Treasuries rally after huge bomb dropped on ISIS

Treasuries rallied, reversing earlier declines, after the U.S. dropped the largest non-nuclear bomb in its arsenal on an Islamic State target in Afghanistan. The 10-year U.S. yield fell about two basis points to 2.22 percent at 1:10 p.m. in New York, remaining above its session low reached in early U.S. trading. The yield curve from five to 30 years steepened, while the 10-year breakeven inflation rate pared its gain. Treasuries are poised to rally for the fifth straight week, the longest stretc...

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