Global bond sell-off gains pace, Treasury yields at 16-year high
US jobs data added to expectation that the Fed has more hiking to do.
A sell-off in global bond markets gathered pace, driving yields to the highest level in more than a decade as traders brace for an extended period of tight monetary policy.
The yield on 30-year U.S. Treasuries hit 5% for the first time since 2007 on Wednesday, while the German 10-year benchmark r
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