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Global Bond Yields Climb
Description
Global bond yields hit their highest levels since May 2024 as Middle East conflict-driven energy costs fuel rate hike expectations. U.S. 10-year yields rose to 4.38% while Australia's hit a 2011 high. Markets now price a 60% chance of a Fed hike by October — a dramatic shift from prior rate-cut expectations — as central banks signal inflation caution.
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