Financial markets continued to react to Fed’s more hawkish statement with yields strengthening. The US 10-year Treasury yield soared to a one-month high of 2.1725%, up +13 bps from its Tuesday close. European government bonds also slumped with the 10-year German bund yields rising +9.3 bps from a day ago while UK yields up more than +12 bps.
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Treasury Yields Soared on Hawkish Fed
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