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Story summary
- President Donald Trump ruled out extending a cease-fire with Iran while 30-year Treasury yields rose to 5.335%, highest since 2002.
- 10-year yield hit 4.748% after a vessel strike extended Strait of Hormuz closure to six months, keeping Brent crude above $90.
- Dan Coatsworth and Jim Reid said inflation worries and Strait closure pressure bonds after Germany’s bund hit a 15-year high and Japan’s 10-year rose to 2.941%, a 40-year peak.
