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UK 10-year gilt yields eased to around 5.4% after touching their highest level since July 2007, as the recent rise in oil prices paused and investors took a breather following a sharp sell-off. Gilt yields remain elevated, as higher energy costs heightened inflation concerns and stronger-than-expected economic growth r
S&P 500 rose 1.1% and Nasdaq 100 gained 1.7% as declining oil supported contained-inflation hopes after the Fed’s rate increase. The 10-year Treasury yield fell from its highest level since 2007, with gold up and Brent settling below $105 a barrel.