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U.K. 10-year government bond yields climbed to the highest level since 2007 amid inflation concerns tied to rising oil prices. Brent crude advanced 1.2% to $102.44 as the Middle East conflict intensifies.
Global benchmark bond yields are surging, with Japan’s 10-year yield at 3%, U.K. gilts at 5.27% and U.S. Treasuries briefly at 4.8%, while Robin Brooks says the sell-off has been building since 2022.
Micron's strong earnings and guidance boost tech sector, while a major earthquake hits Venezuela and big US banks pass Fed's stress tests