10-year yields hit highest since crisis

U.S. 10-year Treasury bond yields rose to their highest level since 2007, reaching around 5%, amid growing fears of rising inflation and the possibility of the Federal Reserve raising interest rates for the first time since 2023. The market largely expects a 92% chance that the Fed will hike rates today. If the bank decides to keep rates unchanged, it could trigger a wave of selling in the bond market, as yields continue to rise amidst escalating economic tensions.

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