The Treasury market finished flat on Wednesday, as yields tumbled in the morning and later rebounded following news coming out of China, where the country’s central bank let its currency fall for a second day but stepped in during the final minutes of trade to prop it up.
Early Wednesday, Treasury yields tumbled by up to five basis points, as a further devaluation of the Chinese yuan rattled global markets and fueled demand for safe assets, like Treasurys.
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