US bonds rally on reports of Middle East missile strike

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US bonds rally on reports of Middle East missile strike
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A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023./ REUTERS/Kevin Lamarque/File Photo

Benchmark 10-year yields fell more than 10 basis points to 4.5384%, recouping much of the week's selling. Two-year yields dropped 9 bps to 4.8985%.Iran's Fars news agency said explosions were heard near the airport at the country's central Isfahan city. Israeli missiles hit a site in Iran, ABC News reported, citing a U.S. official.

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