Global bond rout deepens before receding on relief rally
U.S., European, Japanese bond rout deepens; 10-year Treasury yields hit 16-year high above 4.88%; Wall Street mixed, Euro STOXX 600 lower NEW YORK/LONDON A rout in government bond markets deepened early on October 4 with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and…
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