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U.S. Treasury Yields Extend Gains; 10-Year Note Tops 5.34%, Highest Since 2002

The 10-year Treasury yield rose 4.72 basis points to 5.34%, marking its highest level since 2002 and surpassing the 2007 peak. The two-year yield held flat at 4.883%, steepening the yield curve as investors demand more compensation for…