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10-year U.S. Treasury yield hits highest level since November 2023 as global bond sell-off continues
Summary by BizToc
U.S. Treasury yields were broadly higher on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was 1 basis point higher at 4.81%. It also reached 4.814%, its highest level since November 2023.