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The Great Long-Bond Selloff Forces a Brutal Fiscal Reckoning

Key TakeawaysFrance’s 30-year OAT yield neared 4.85%, its highest range since the 2008 crisis.U.S. 30-year Treasury yields reached 5.22%, lifting pressure on mortgages and federal interest costs.Investors will watch 2026 bond auctions, inflation data and central-bank balance-sheet plans. The synchronized...

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