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TREASURIES-Yield curve flatter ahead of Fed statement

Sep 16, 2020 - Nasdaq

B y Sept 16 (Reuters) - Longer-term U.S. Treasury yields moved lower on Wednesday, flattening the yield curve, as investors prepared to hear a dovish message from the U.S. Federal Reserve. The benchmark 10-year US10YT=RR yield was down 1.6 basis points at 0.6625% in morning trading. The Fed is expected to wrap up its latest policy meeting with somewhat rosier economic forecasts but a renewed pledge to keep interest rates low for as long as needed to get the U.S. economy out of its deepest down...