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Treasury yields jumped on Tuesday to begin September trading as a court decision knocking down most of the Trump administration's tariffs raised the prospect of the government having to repay the money already brought in, stretching an already-stressed U.S. fiscal situation.

The benchmark 10-year Treasury yield rose 5 basis points to 4.275%. The 30-year bond yield climbed over 5 basis points to 4.978%. The 2-year Treasury yield moved 3 basis points higher to 3.656%. One basis point is equal to 0.01%, and yields and prices move in opposite directions.

At their highs of the session, the 30-year yield topped 4.97%, its highest since late July. The 10-year hit a high of 4.279%, its highe

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