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10-year Treasury yield extends rise to nearly 7-year high

The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X)rose 1.1 basis points to 3.093%, a day after registering the largest single-day climb since March 1, according to WSJ Market Data Group. The 30-year bond yield (XTUP:TMUBMUSD30Y=X) edged up 0.4 basis points to 3.214%, after the long bond marked its largest daily yield climb since Feb. 2 in the previous session. The short-dated two-year note yield (XTUP:TMUBMUSD02Y=X) , meanwhile, erased an earlier decline to eke out a rise of 0.4 basis points to 2.589%.