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US Bond Yield Crosses 5% As Inflation Surges, December Fed Rate Hike Fears Rattle Global Markets

US Bond Yield Crosses 5% As Inflation Surges, December Fed Rate Hike Fears Rattle Global Markets
Photo: Free Press Journal · view original

Mumbai: US Treasury yields surged on Tuesday as higher-than-expected inflation strengthened expectations that the Federal Reserve could raise interest rates in December. The benchmark 10-year Treasury yield crossed 5% during trading before easing to 4.992 percent, up 13 basis points. The 30-year...

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