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Washington | Investors renewed their selling of long-dated US government bonds amid worries about public debt and more attractive corporate alternatives, erasing most of the previous day’s gains linked to Treasury Secretary Scott Bessent’s stunning intervention.
The sell-off pushed yields on 30-year US Treasury debt up to 5.26 per cent early on Thursday (Friday AEST), slightly shy of a 19-year-high above 5.3 per cent hit earlier in the week.
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