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A US inflation fear indicator just hit its highest since 2007
Yields on the US Treasury’s longest-dated government bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates. The 30-year yield rose as much as seven basis points to 5.2 per cent on May 19, a level last seen on the eve of the 2007 global financial crisis. [...]