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Treasury earnings increase as sales ease
U.S. Treasury bond yields experienced a slight increase amid ongoing pressures from hawkish statements by Federal Reserve officials and rising economic data. The ten-year bond yields reached 5.17%, marking their highest level since June 2007, while the 30-year bond yields stabilized at 5.463%. This occurred amidst a global bond sell-off, with a 71% probability of interest rate hikes in October, influenced by rising oil prices and the Purchasing Managers' Index reaching its highest level in over four years.
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