Global bond yields reach key milestones as rate-hike bets mount

Global bond yields reach key milestones as rate-hike bets mount

The collective central-banking pivot from stimulus to tightening is placing strains on governments and economies around the world. Resurgent Treasury yields have also helped fuel dollar strength, driving currencies such as the yen to levels unseen against the greenback in over 30 years. 
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By Garfield Reynolds

(Bloomberg) — 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.

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