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Rising US yields upend private bankers’ best laid 2023 plans

By William Pesek , contributing editor | 9 October 2023 | 5 minutes read

The highest US Treasury bond yields in sixteen years are the latest reminder that all private bank strategists thought they knew about 2023 continues to go awry. The spike in 30-year rates toward 5% is one of many borrowing-cost-related data points putting Asia’s portfolios at risk. In Germany, for example, 10-year yields are the highest since 2011, a crisis period…

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