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U.S. Treasury yields hit 2004 high
The United States experienced a significant rise in Treasury bond yields, with the 30-year bond yield reaching its highest level since 2004, driven by strong economic data and weak demand at government auctions. Additionally, the 10-year bond yield increased by about 15 basis points in a single session amid expectations of a possible interest rate hike by the Federal Reserve, which could reach a range between 4.75% and 5%, with the likelihood of multiple increases over the coming year.
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