Market Extra: 10-year Treasury note rallies hard, sending yield down toward 4% on growing confidence

Brendan Smialowski/Agence France-Presse/Getty ImageIncreasing confidence in the Federal Reserve’s ability to bring inflation to a heel breathed new life into the recent rally in Treasurys, sending the widely followed 10-year yield down to a level not seen in four months on Wednesday.The benchmark 10-year rate BX:TMUBMUSD10Y finished the New York session at 4.032%, falling 17.3 basis points to its lowest closing level since Aug. 9, after policymakers signaled a readiness to deliver three...