Treasury yields showed subdued action after President Donald Trump said he would nominate Federal Reserve Gov. Jerome Powell to succeed Janet Yellen when her term as chairwoman expires in February, as expected. The 10-year yield fell to 2.348%, compared with 2.378% on late Wednesday. The 2-year yield was down at 1.608% from 1.620%, while the 30-year yield slipped to 2.830%, versus 2.865%. Like Yellen, Powell is seen as a nominee that would be less aggressive about raising interest rates.
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