Bond slide strengthens, rattles other markets

A fresh round of bond sales pushed 10-year yields above 3% on Thursday, a day after Federal Reserve Chairman Jerome Powell seems to calm the market by reducing the chance of a super big rate hike in the coming months.

Bond yields, which rise when bond prices fall, started to rise in the early US session and then continued to rise – taking their own momentum and contributing to a sharp drop in equities, which has assemble earlier in the the week.

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