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NEW YORK: A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt US government bonds out of a narrow trading range.
Yields on benchmark US 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, as the market digested data showing slowing inflation and signs of cooling economic growth in some indicators. The 10-year yield stood at 4.33% on Friday.
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