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Benchmark 10-year yields reach 4.312%, testing October's 4.338%.
Benchmark U.S. 10-year yields reached 4.312%, nearing their highest level since 2007.
KEY POINTS
- Markets are now pricing in fewer or later Fed rate cuts, not higher peak rates.
- Zhongzhi Enterprise Group in China will conduct a debt restructuring, highlighting stress in China's shadow banking.
- MSCI Asia-Pacific shares outside Japan are set for their worst month since September 2022, down 8% in August.
- The US dollar index hit a two-month high of 103.59 as yields climbed.
COMPANIES
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