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Bonds rise as traders fear war will trigger economic slowdown
Government bonds in the US, UK, Germany, and Japan rose Monday as concerns ballooned about an economic slowdown driven by the war in the Middle East. US Treasury yields had risen in the last month on bets the war would fan inflation; that thinking has morphed into fears of a pandemic-like global economic shutdown, with traders betting on interest rate cuts rather than hikes this year, Bloomberg reported. [...]