The U.S. Treasury bond market yesterday failed to sustain gains made earlier in the week as prices slumped for all maturities and the benchmark 30-year bond slid almost a full point.

By the close of trading, the long bond had fallen 3 1/32 to yield 7.535%. Traders and market analysts attributed the sharp decline to a variety of factors, including profit-taking and a slim trading volume that often exaggerates price movements.

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