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Bond Markets
Bond prices explode - again - after earlier reining-in
THE PRICE OF government borrowing over 10 years has soared once again, having fallen from a new all-time record earlier today. The price earlier struck 6.574%, a new all-time record, but dived to 6.457% – lower than this morning’s opening price – at 3pm. Within 20 minutes, however, the price shot back north to 6.525%, begging the question: what’s gotten the markets so riled?
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