Exchequer yields rose alongside an increased probability of the Fed delivering another 25 basis point interest rate hike next month, portion keep investor risk appetite under check. The yield on the 10-year note rose to 3.67%, the highest since mid-March, and captivating the weekly gain to 20 basis points. The two-year yield also clocked a two-month high of 4.08%. Recently, bitcoin has decoupled from Nasdaq and has moved in tandem with gold, which tends to get going in the opposite direction of bond yields.
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