US 10-year Treasury yield reaches 3% for first time since 2018…

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by __brodo__

The yield on the government bond has profound effects on the economy, feeding into home mortgage rates and borrowing costs for companies. The higher yield, which rises when bond prices fall, is tightening financial conditions after two years of the coronavirus pandemic.

www.ft.com/content/b164866c-90b4-47fc-bf17-8f5b300564e3

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