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Global bond selloff deepens as U.S. 10-year yields hit multiyear highs

The U.S. 10-year Treasury yield reached its highest level since 2007 ahead of the Fed’s interest rate decision, with investors also selling other government bonds.

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S. S. Federal Reserve's interest rate decision. Investors also stepped up selling in other global bond markets, pushing yields on 10-year German and Jap…