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Comments highlighted issues with monetary policy decisions in the US and Japan, with the 10-year US Treasury yield briefly rising to 5.04% last week.
A South China Morning Post commentary noted that the U.S. Treasury market is in distress, oil prices are surging, and the Japanese yen may fall again. Last week, the 10-year U.S. Treasury yield briefly reached 5.04%, its highest level since 2007. The article also mentioned that U.S. Treasury Secretary Scott Bessent tripled Treasury buyback operations on September 10.
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