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The Economic Times
The Economic Times
Business

FOUND: Us yields rise 30 year bond yield hits highest since 2004 - What They Never Told You

United States US Treasury Inflation Iran US Federal Reserve

US Treasury yields mostly rose on Thursday, adding to the ongoing selling in the bond market, with the 30-year yield earlier touching its highest level since 2004.

Bond prices, which move inversely to yields, sold off on Wednesday after a stronger-than-expected US purchasing managers' report reignited inflation fears and caused traders to increase bets on Federal Reserve rate hikes. European bond prices also fell.

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