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Global Bond Yields Reach Key Milestones as Rate-Hike Bets Mount

  • US 10-year attains levels last seen before financial crisis
  • Five-year reaches 4.5% then retreats on prospect of Fed let-up
Bloomberg business news
US 2-Year Yields Have Likely Peaked, Nuveen's Rodriguez Says
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US Treasuries tumbled Friday, driving most benchmark yields to the highest levels since 2007, as policy makers signaled their determination to keep raising rates until inflation is under control. 

The yield on US five-year notes surpassed 4.5% for the first time since 2007, while 10-year notes jumped as high as 4.34%. That spilled over across global markets, with German bonds slumping to take 10-year yields above 2.5% for the first time since 2011.