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A marble sculpture of an American eagle crowns the Marriner S. Eccles Federal Reserve Board Building in Washington, DC, on August 13. Alex Wong/Getty Images. A selloff that began in Washington’s bond market quickly spread overseas, as investors reassessed inflation, government borrowing and the outlook for central…
The 10-year Treasury yield hit its highest level since 2002, raising borrowing costs on mortgages, auto loans, credit cards and student loans.
Government bond markets steadied on Friday morning after a sell-off pushed France