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The U.S. Treasury sets the benchmark for the cost of borrowing.
The 30-year U.S. Treasury yield hit 5.2%, its highest level since 2007.
KEY POINTS
- Since the Iran war began on Feb. 28, 10- and 30-year U.S. yields have surged more quickly.
- Most Bank of America survey respondents expect 30-year U.S. Treasury yields to reach 6%, unseen since 1999.
- Japan's 30-year bond yield reached an all-time record, and Britain's 30-year yield is at a 30-year high.
COMPANIES
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