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المشهد العربي
U.S. Treasury bond auction reduces yield gains
A successful auction of ten-year U.S. Treasury bonds worth $39 billion took place, achieving a notable bid-to-cover ratio of 2.77 times, despite the maximum yield reaching its highest since 2000 at 5.30%. The results contributed to a reduction in gains for sovereign debt yields, with the 30-year bond yield rising to its highest level since 2002. The 10-year bond yield stood at 5.282%, with hints from the Federal Reserve of a potential interest rate hike again during the year.
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