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[$$] U.S. Government Bonds Higher on Plunging Turkish Lira

U.S. government bond prices rose Friday after continued economic uncertainty in Turkey—and the fear of a ripple effect across other markets—pushed investors to the relative safety of Treasury debt. The yield on the benchmark 10-year Treasury posted its biggest one-day drop since May 29, settling at 2.859%, compared with 2.935% Thursday. Yields fell as the Turkish lira continued its steep descent Friday, pushing the dollar to its highest level in more than a year.