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7.6

US 10Y yield hits 2007 high after strong PMI; global rates follow

The 10-year US Treasury yield surged to its highest level since 2007 following a stronger-than-expected PMI, indicating resilient economic activity. This has pushed global yields higher, with Brazilian Treasury yields opening up for a third consecutive day. The move suggests markets are pricing in sustained higher-for-longer rates, pressuring risk assets and emerging market currencies.

InfoMoneyabout 12 hours agoUS, BRCredibility 49%View source

Score Breakdown

Mosaic Score7.6
Confidence0.9
Significance0.8
Source credibility0.5

Intelligence Tags

#treasury yields#PMI#interest rates#emerging markets#fixed income

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