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Global bond yields fell on Thursday, with the 10-year U.S. Treasury yield dropping 3 basis points to 4.99%, as Federal Reserve Chairman Warsh vowed to curb inflation.
Global bond yields retreated on Thursday as markets calmed after the Federal Reserve's rate hike and Chairman Warsh's pledge to curb inflation. The 10-year US Treasury yield fell 3 basis points to 4.99%, ending an eight-day rally. Traders are now awaiting the Bank of Japan's interest rate decision on Friday.
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