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US Treasury yields fall amid fears of slower global growth

Thomas Franck

U.S. government debt yields  fell on Thursday as fears of a slowdown in global growth spooked investors across Wall Street. The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell three basis points 2.675 percent, while the yield on the 30-year Treasury bond was also lower at 3.022 percent. The Federal Reserve's Jerome Powell said Wednesday that the biggest challenges to the U.S. economy are sluggish productivity and a widening wealth gap.