US government debt rallied on Wednesday, pushing Treasury yields to their lowest level in seven months, after investors digested weaker than expected reports on the US labour market and services sector.
Yields on two-year Treasuries, which are more sensitive to monetary policy, and 10-year Treasuries both fell 0.02 percentage points to 3.31 per cent and 3.79 per cent, respectively, moderating from gains earlier in the session.
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