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Treasury Yields Surge
- U.S. Treasury yields rose, with the 30-year rate exceeding 5.61%, a level last seen in 2002.
- The 10-year note traded near 5.25%, its highest since 2007.
- Paramount Skydance launched a $32 billion investment-grade bond sale, the largest portion of a $52 billion debt package.
- Investors cite inflation worries, fiscal deficits and abundant Treasury supply as drivers of the selloff.
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