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To: Wally Mastroly who wrote (3481)2/24/1999 3:48:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
US 30-yr yield up to 5.5 pct, highest in 6 months

NEW YORK, Feb 24 (Reuters) - The benchmark 30-year U.S. Treasury bond fell a full point and its yield jumped to 5.50 percent in mid-afternoon trade on Wednesday, hurt by a weak two-year Treasury note auction and by technical selling.

The 5.50 percent bond yield was the highest since August 21, four days after the Russian government effectively devalued the rouble and declared a 90-day debt moratorium on August 17, 1998.

(Note: this article is ''in progress''; there will likely be an update soon.)

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