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[$$] Treasury rally pushes 10-year yield to near 3-month low

Pan Kwan Yuk in New York

The rally in US Treasuries picked up pace on Monday, pulling down long-term yields, as investors continue to dial back expectations for a potentially faster pace of interest rate rises from the Federal Reserve next year. The yield on the benchmark 10-year note fell as much as 4.2 basis points to 2.9715