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The U.S. Treasury sold 30-year bonds at the highest interest rates in 25 years, despite slightly lower inflation and reduced expectations of a Federal Reserve interest rate hike. Rising bond yields reflect investor concerns over persistent inflation, geopolitical tensions, and increased debt issuance related to artificial intelligence development. Global bond yields in Japan, Germany, and France also hit multi-year highs amid these economic uncertainties, with U.S. long-term debt reaching levels not seen since 2007.
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