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Market Impact: 0.72
Global bond selloff keeps 10-year U.S. yield near 5% on oil, rate-hike fears
Source: The Globe and Mail
Interest Rates & YieldsInflationEnergy Markets & PricesMonetary PolicyCredit & Bond Markets
A global bond selloff pushed the U.S. 10-year Treasury yield close to the key 5% level. Oil prices rising well above $100 per barrel intensified inflation concerns and increased expectations for a near-term U.S. rate hike, driving broad investor risk aversion.
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