U.S. 10-year Treasuries notes soared on Tuesday, its sharpest one-day increase since 2013, as traders shed their bond holdings after China cut interest rates in a bid to help its economy.
In the late afternoon trading, the 10-year yield was last at 2.135%, up 13.7 basis points, its biggest single-day increase since July 3, 2013 when it climbed over 23 basis points, Reuters data showed.
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