US Treasury bonds fall on inflation outlook
U.S. Treasury yields declined, with the 10-year bonds falling to 4.487% and the 2-year bonds to 4.19%, amid anticipation of the upcoming key inflation data to be released. Markets were affected by fears of continued tightening monetary policy and interest rate hikes by the Federal Reserve, leading to a significant sell-off in technology stocks. Internationally, UK bonds experienced a slight decrease following Prime Minister Keir Starmer’s resignation.
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