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Your Daily Digest — Tuesday, August 18
The global bond market is sending a clear warning signal this morning as yields on long-term government debt surge to their highest levels in nearly two decades. The benchmark US 10-year Treasury yield hit 4.73 percent, a level not seen consistently since before the 2008 financial crisis, while the 30-year yield has reached its highest point since June 2007. This aggressive sell-off in bonds, whic...
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