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Bond Market Losses Just Beginning as Fed Sets Path to 4% Yields

  • Key Treasury yields, Fed rate tend to peak at similar levels
  • 10-year rates surge, 30-year peers near highest in eight years
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Fed's Powell: Inflation Developments Warranted Bigger Hike
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It’s too soon to call an end to America’s worst bond-market collapse in at least half a century.

Treasuries resumed losses on Thursday with 30-year yields climbing to the highest in nearly eight years, spurring steeper yield curves -- a sign of investors bracing for further inflation flare-ups. That comes a day after Federal Reserve Chair Jerome Powell sought to soften the blow of the largest rate hike since 1994 by saying he didn’t expect moves of that size to become the norm.