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US Treasury Yields Edge Higher; 2s to 10s Hit Sept. 11 Highs

US Treasury yields edged higher, with maturities from 2-year to 10-year notes touching levels last seen on Sept. 11. The move marks a fresh push higher along the belly of the curve, lifting benchmark yields back to their September peaks.

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AI take

The significance lies in the symmetry: the belly of the curve is retracing to levels that have already acted as a ceiling once this cycle, which makes this less a breakout than a retest of a known range. That matters most for rate-sensitive corners of crypto and tokenized RWA products, where carry and duration assumptions are priced off these benchmarks. Whether the September highs hold as resistance or give way is the open question worth watching.

Generated by AI for reference only.

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