The US dropped the largest non-nuclear bomb in its arsenal on Islamic State positions in Afghanistan Thursday, a move the Trump administration said was aimed at denying the group’s freedom of movement.
After the bomb was dropped, US Treasuries rallied, reversing earlier declines. The 10-year US yield fell about two basis points to 2.22 per cent at 1:10 pm in New York, remaining above its session low reached in early US trading. The yield curve from five to 30 years steepened, while the 10-year break-even inflation rate pared its gain.
The deep-penetrating Massive Ordnance Air Blast bomb was used to