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Good morning. Elevated bond yields, US said it hit facilities in Syria in ``self-defense strikes,’’ and Amazon delivers robust sales. Here’s what people are talking about.
US Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit. The increase in yields — which has taken benchmark Treasury rates to the highest levels since before the global financial crisis — is instead “largely a reflection of the resilience people are seeing in the economy,” she said at an event in Bloomberg’s Washington office Thursday. Meanwhile, some investors say it's safe to start buying bonds again with yields above 5%.