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The bond hangover

New York Fed President John Williams cools expectations for an October rate hike, saying there's no urgency to move again. Treasury yields end a bruising quarter higher as investors rethink the path of rates. And weak consumer confidence and softer job openings raise questions about the strength of the US economy.

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Today's recommended read: The $8 trillion arms surge fueling AI - and spooking bonds by Mike Dolan

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The skinny

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