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Spike in Treasury yields clouds Biden, Fed hopes for smooth return to normal

Spike in Treasury yields clouds Biden, Fed hopes for smooth return to normal
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bond yields: Global economy's glide to 'soft landing' gets bumpy as bond yields jump

The cause - whether high government deficits, China s suddenly turgid economy, or political dysfunction in the U.S. Congress - may be less important, though, than the implications for a world financial system that had seemed headed for a "soft landing" from the post-pandemic breakout of inflation. ....

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