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The yield on the 30-year U.S. Treasury has surged to its highest level in nearly two decades, and some strategists see scope for the selloff in long-dated government bonds to go further.
The 30-year Treasury yield, which is typically sensitive to geopolitical events, advanced more than 4 basis points to 5.311% on Monday, reaching its highest level since June 2007. Foreign holdings of Treasurys fell in June, the Treasury Department reported on Monday, with top holders U.K., China and Japan all reducing their holdings.
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The death of Jason Arday has prompted a debate over whether the Cambridge academic was the victim of a racially charged media frenzy or a DEI push in academia https://t.co/JN1qyBXWnu
In Bushwick, NYC, Ilia and Liliia Penzin run T.O.L.K., a cafรฉ and art gallery, despite financial struggles. They embody resilience, creativity, and the spirit of entrepreneurship. https://t.co/HP5HSDjgld
Uber chief operating officer Andrew Macdonald sees roles that are ripe for AI augmentation but thinks the company could grow in other ways. https://t.co/YjO0UEiPtv
Trump administration officials are flooding Iowa in hopes of bolstering GOP candidates facing strong challenges from Democrats in Novemberโs midterm elections https://t.co/wa8koX685W