January 11, 2017 / 5:45 PM / 8 months ago

TREASURIES-U.S. yields fall as Trump comments rattle stocks

NEW YORK, Jan 11 (Reuters) - U.S. Treasury yields fell on Wednesday as U.S. President-elect Donald Trump’s comments on drug pricing hurt pharmaceutical company shares, briefly cutting the gains of the broader stock market and spurring safe-haven bids for bonds.

The yield on benchmark 10-year Treasury notes was down over 1 basis point at 2.365 percent, shortly in advance of a $20 billion auction of 10-year notes. (Reporting by Richard Leong)

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