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US Bonds tumble as Oil Price surge rekindles Inflation Fears

A steep selloff ‌in US Treasuries extended into a fourth straight day on Thursday, as investors fretted that surging energy prices from the war in the Middle East could stoke inflation and derail the Federal Reserve's rate outlook. The benchmark 10-year US Treasury yield jumped as much as 5 basis points in Asia to a three-week high of 4.1310%, extending its rise for the week thus far to nearly 17 bps [...]