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European bonds gain further ground
European bond prices continued to rise today, Wednesday, with the yields on 10-year German bonds dropping to their lowest level since April, amid falling oil prices and indications of an economic slowdown in the Eurozone. Meanwhile, U.S. Treasury yields kept climbing, reaching 4.45%, as signals from the Federal Reserve pointed to an extended cycle of interest rate hikes, resulting in an increased gap between U.S. and European bond yields.
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