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U.S. Treasury bond yields are facing a critical level at 4.8%, as the possibility of remaining above this threshold could pose widespread problems for financial markets, especially with increasing pressures from the fiscal deficit, large debt issuances, and corporate borrowing. Despite the Treasury's efforts to influence yields verbally, rates will remain under close watch, particularly as Treasury yields approach the key market level of 5%, reflecting mounting financial pressures and challenges in efforts to control borrowing costs.
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