10-year Treasury yield 4%

Yields on 10-year US government bonds hit 4% for the first time in more than a decade on Wednesday, the latest phase of a historic rally that has roiled financial markets this year.

Yields, which rise as bond prices fall, have risen at their fastest rate in four decades as expectations escalate about how high the Federal Reserve will be. will increase short-term interest rates to disturb The worst inflation since the 1980s.

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