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European bond yields hit multi-year highs
The rise in European and American bond yields to their highest levels in years reflects increasing pressure on financial markets, driven by the suspension of peace talks between the United States and Iran and rising oil prices. The yield on 30-year U.S. bonds reached 5.33%, the highest since 2007, while British, German, and French bonds recorded unprecedented increases in years, indicating ongoing financial strains and expectations that inflation will remain high until the end of the year.
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