March 3, 2020 / 3:15 PM / a month ago

TREASURIES-U.S. yields rise after Fed cuts rates by 50 basis points

NEW YORK, March 3 (Reuters) - U.S. Treasury yields rose after the Federal Reserve slashed interest rates by 50 basis points to ease the economic fallout from the fast-spreading coromavirus.

In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%.

In morning trading, U.S. 10-year yields rose to 1.135%, from 1.108% late on Monday. (Reporting by Gertrude Chavez-Dreyfuss)

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