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US Bond Rout Rings Alarm Bells Across World Markets
Business Standard
|April 10, 2025
US Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure on Wednesday, in a sign that investors were dumping their safest assets as turmoil unleashed by US tariffs prompts forced selling and a dash for cash.
Yields on 10-year Treasury notes jumped to a seven-week high, while the dollar, also a traditional safe haven, weakened against other major currencies in further evidence that confidence in the world's biggest economy has been shaken.
This story is from the April 10, 2025 edition of Business Standard.
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