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  • NEWS Desk Global

FALLING STOCKS AND CLIMBING MORTGAGE RATES

Relentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate market.

The yield on the benchmark 10 year Treasury - which moves inversely to prices - briefly hit 5% late Thursday, a level last seen in 2007. Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move.

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