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UST yields reversed their recent slide as concerns over bank credit exposure and liquidity stresses in the U.S. banking sector gained prominence, with the 10Y yield briefly falling to 3.93% intraday before rebounding to ~4.01% (+3.5bp) and the 2Y yield holding firm amid curve flattening; elevated repo facility usage, a stalled government shutdown and uncertainty around the pace of future Fed cuts all reinforced term premium and pushed long yields higher despite dovish undertones from the central bank.