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U.S. 10-year bond yield once rose to nearly 3%

The benchmark 10-year bond yield in the United States once rose to 2.9980% last Friday, close to the 3% mark. There are two main reasons for this. First of all, last week, a number of Fed members proposed to increase the pace of interest rate hikes to suppress inflation. The remarks raised the market's expectations for the Fed to raise interest rates in the future. In addition, Germany announced that the latest July producer price index rose sharply by 37.2% year-on-year, and the most worrying about the month-on-month increase was 5.3%, mainly driven by rising energy prices. As the global supply chain is interdependent, when European inflation remains high, the market is worried that US inflation will be difficult to fall, and may lead to the Federal Reserve to continue to raise interest rates.
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