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المشهد العربي
US debt yields decline amid high demand
U.S. government bond yields experienced a decline due to strong demand for long-term bonds, with the ten-year bond yield reaching 5.354% before dropping following a successful auction of thirty-year bonds with a coverage ratio of 2.54 times, the highest level since 2000. The positive auction results came amid expectations that the Federal Reserve would do more rate hikes to curb inflation, despite statements indicating no immediate need for such moves. These developments were associated with a decrease in both short-term and long-term bond yields.
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