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US Treasury Rally Fades as Rush for Haven Assets Starts to Wane

Treasuries pared their biggest rally of the year as demand for haven assets waned on hopes the conflict between Israel and Iran would not spiral into a wider conflict.

The yield on 10-year US government bonds was trading just five basis points lower at 4.59% after a senior Iranian official said the nation has no plansBloomberg Terminal to strike Israel back immediately, according to Reuters.

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