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Short dated Treasury debt yields soared on Wednesday, led by rates on T-bills and the 2-year note, after a hotter-than-expected inflation reading for June gave credence to a full percentage point interest rate hike by the Federal Reserve at its meeting in two weeks.The rise in the 2-year yield left its spread to the 10-year maturity at minus 23.8 basis points as of 3 p.m. Eastern time, the most inverted level since Sept. 26, 2000, according to Dow Jones Market Data.
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