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10-Year Treasury Yield Spikes to 19-Month High, Slapping US Stock Indices

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The Story

News Summary

  • The 10-year US Treasury yield surged to a 19-month high, challenging Treasury Secretary Scott Bessent's efforts to control long-term borrowing costs.
  • The jump in benchmark yields is triggering downward pressure on broad US stock indices and raising federal debt-servicing costs.
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