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Markets

U.S. 10-year yield tops 3% for first time in over three years

Fed seen announcing 0.5-point rate hike at this week's meeting

The Federal Reserve Board building in Washington. Ten-year yields have risen in past months in anticipation for quantitative easing by the U.S. central bank.   © Reuters

NEW YORK (Reuters) -- The U.S. benchmark 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a psychological milestone that could have major implications for other financial markets.

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