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TREASURIES-US 10Y note yield hits five-decade low
December 18, 2008 / 7:40 PM / in 9 years

TREASURIES-US 10Y note yield hits five-decade low

NEW YORK, Dec 18 (Reuters) - The U.S. 10-year Treasury note yield hit a five-decade low on Thursday in a safe-haven bid as stocks extended their declines after Standard & Poor’s said General Electric Co. (GE.N) had at least a one-in-three possibility of a ratings downgrade within two years.

The benchmark 10-year Treasury note’s price, which moves inversely to its yield, rose more than one full point, pushing down the yield briefly to 2.04 percent US10YT=RR, the lowest level since the early 1950s. (Reporting by John Parry; Editing by Leslie Adler)

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