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06.20.2018

The 10-year benchmark US Treasury (US10Y) closed today at 2.94%. While the rate still sits below the year’s high of 3.12% set back on May 17th, it has climbed modestly throughout the month of June after closing out May at 2.76%. Investors have become wary as President Trump has requested tariffs to​ be placed on an additional $220 billion in Chinese goods. The common sentiment on Wall Street is that an extensive trade war would drive down the yield of…