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U.S. bond yields moved higher on Wednesday on concerns that China’s post-COVID economic recovery may create more difficulties for central banks in their battle against inflation and result in even higher interest rates. Meanwhile, the spread between 2- and 10-year Treasury yields inverted more deeply, to almost minus 90 basis points, during the New York morning and headed for its most negative reading since October 1981.
What’s happening
What’s driving markets
News that China’s manufacturing sector is expanding…
