US bond yields higher

Prices for US Treasury bonds declined on Thursday as equities surged, but analysts said that the declines were not as steep as they could have been.

This, however, did not discourage good demand for an auction of $8 billion in inflation-indexed 10-year issues.

Late in the afternoon in New York, two-year Treasury bonds saw yields up to 4.94 percent, while 5-year paper was yielding 4.02 percent.

Ten-year notes yielded 5.13 percent and thirty-year yields rose to 5.22 percent.

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