U.S. Treasury yields rise after stronger-than-expected GDP data
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NEW YORK (Reuters) - U.S. Treasury debt yields rose on Friday after data showed the world's largest economy grew at a faster rate than expected in the third quarter, suggesting the U.S. Federal Reserve was on track to raise interest rates at its December meeting.
Gross domestic product grew at a 2.9 percent annual rate after expanding 1.4 percent in the second quarter, the Commerce Department said on Friday in its first estimate. That was the strongest growth since the third quarter of 2014.
Benchmark 10-year Treasury notes
U.S. 30-year bonds
U.S. two-year note yields were at 0.888 percent
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Bernadette Baum)
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