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U.S. bond yields hit new highs
U.S. Treasury bond yields reached their highest levels in more than 15 years, with the 10-year bond yield hitting 5.217%, the highest since 2007. Similarly, the 30-year bond yield rose to 5.5252%, the highest since 2004. This comes amid expectations of continued interest rate hikes by central banks worldwide. Despite a decline in oil prices and reduced fears of geopolitical tensions, the bond market remains tense due to ongoing concerns about inflation and its impact on financial performance. This was accompanied by American consumer sentiment dropping to its lowest level in four months.
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