NEW YORK: A rout in Treasuries extended into a second day as global investors priced in stronger US economic growth and a faster pace of rate hikes. Benchmark 10-year yields climbed above 3.2% for the first time since 2011 and the dollar strengthened.
Improved investor appetite for riskier assets drove the leap in yields that started Wednesday following the release of upbeat news about American jobs and ebbing concern about the fiscal situation in Italy.
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