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U.S. Treasury yields inched lower on Wednesday as investors awaited more economic data and continued to monitor geopolitical uncertainty.

At 4:32 a.m. ET, the 10-year Treasury yield was down nearly 3 basis points to 4.15%. The 2-year Treasury note was lower by more than 1 basis point at 3.459%. Meanwhile, the 30-year bond

yield also declined nearly 3 basis points to 4.835%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.