U.S. revenues grow with stronger tone from Warsh and rising oil prices

U.S. 10- and 30-year bond yields increased, remaining near their highest levels in several weeks, following a hawkish speech from Federal Reserve Chair Kevin Warsh and the impact of rising oil prices. The remarks raised the likelihood of a 25 basis point interest rate hike in September to about 60%. German 10-year bond yields also rose to their highest level since 2011 amid inflation concerns resulting from military strikes between the United States and Iran, which pushed Brent crude above $90.50 per barrel.

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