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US Federal Reserve raised benchmark interest rate by 25 basis points on Thursday, followed by HKMA and BOJ; 10-year US Treasury yield fell below 5%
The US Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Thursday, marking the first increase since 2023. This move was followed by the Hong Kong Monetary Authority and the Bank of Japan, which also raised their rates. Concurrently, the 10-year US Treasury yield fell back below 5 per cent.
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