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Treasury yields fell on Monday because global borrowing costs have dropped sharply following a series of recent interest rate reductions.
In plain terms, when the cost to borrow money goes down, the yield investors earn on safe government debt usually falls with it, which is what happened in this session.
What the rate cut cycle means Last week brought what traders are calling an interest rate bonanza, a phrase that signals a significant and perhaps unexpected drop in rates across major economies.
This move set the stage for Monday's trading, where U.S. Treasury prices rose, pushing their yields lower.
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