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10-year US Treasury yield hits lowest level since April 2018

CNBC logo CNBC 12/26/2018 Terri Cullen

a man standing in front of a crowd© Provided by CNBC LLC    U.S. government debt prices edged higher on Wednesday as jittery investors continued to flock to the safety of bonds.

The yield on the benchmark 10-year Treasury note , which moves inversely to its price, dropped to 2.729 percent, its lowest level since April 2018. Financial markets were closed Tuesday for the Christmas holiday.

Yields on 10-year U.S. Treasury notes slipped on Monday to eight-month lows as investors, unsettled by dramatic stock market losses and further U.S. interest rate increases, piled more money into low-risk government debt.

A partial U.S. government shutdown that began on Saturday heightened anxiety among traders and fund managers and likely will stoke demand for this week's $113 billion of coupon-bearing Treasuries, analysts said.

Reuters contributed to this report.

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