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The S&P 500 index remained mildly in the red, while Treasury yields fluctuated in a tight range, as investors parsed minutes from the Federal Reserve indicating policymakers are prepared to raise interest rates “fairly soon”.

The S&P 500 was recently down 0.1 per cent on the day, a slightly deeper decline than it had marked ahead of the minutes.

Meanwhile, in fixed income, the policy-sensitive two-year Treasury yield was up by almost 3 basis points to 1.236 per cent, having traded at 1.248 per cent previously.

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