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The U.S. 10-year Treasury yield fell Thursday, pulling back from a fresh 15-year high.

The yield on the benchmark 10-year note was last down about 5 basis points at 4.577%. Earlier in the session, the 10-year yield reached 4.688%, or the highest level going back to Oct. 15, 2007 when it yielded as much as 4.719%.

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