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PrintTREASURIES-U.S. yields rise after Q4 GDP data
BY Reuters | ECONOMIC | 01/26/23 08:54 AM ESTNEW YORK, Jan 26 (Reuters) - U.S. Treasury yields rose on Thursday after economic output data beat expectations.
Benchmark U.S. Treasury 10-year yields rose over two basis points after the data and were last seen at 3.511%, while two-year note yields - which tend to more closely reflect monetary policy expectations - rose nearly three basis points and were last seen at about 4.18%.
GDP increased at a 2.9% annualized rate last quarter, the Commerce Department said in its advance fourth-quarter GDP growth estimate on Thursday. The economy grew at a 3.2% pace in the third quarter. Economists polled by Reuters had forecast GDP rising at a 2.6% rate. (Reporting by Davide Barbuscia; Editing by Chizu Nomiyama)
