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Market Impact: 0.55

U.S. benchmark bond yield breaches 5% as oil, inflation worries mount

Source: The Globe and Mail

Interest Rates & YieldsInflationMonetary PolicyEnergy Markets & PricesCredit & Bond Markets

U.S. government borrowing costs rose above a key psychological threshold on Monday, while Canadian bond yields also increased. Surging oil prices intensified inflation concerns and led investors to price in further interest-rate increases from both the Federal Reserve and Bank of Canada, pressuring sovereign bond markets.

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mildly negative

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