U.S. bond yields rise modestly
U.S. 10-year Treasury yields rose to 5.17% due to a wave of selling and pressure from hawkish Federal Reserve statements and strong economic data, reflecting a 71% likelihood of interest rate hikes in October. Similarly, 30-year bonds reached 5.463%, with market expectations remaining high for rate increases amid rising oil prices and positive economic indicators. Markets are awaiting consumer confidence reports and durable goods data to inform future decisions.
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