TREASURIES-U.S. long-dated bond yields fall to three-week lows

Long-dated U.S. Treasury yields fell to three-week lows on Thursday, with the gap between short and long-dated bond yields tightening further as the prospect of a Democrat election sweep that would have unleashed massive fiscal stimulus faded. Ten-year yields touched the lowest since mid-October at 0.72% and were last down 4 basis points on day. The two-year/10-year yield curve meanwhile flattened to mid-October levels below 58 basis points.

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