Business
Government Bond Yields Finish Near Multiyear Highs Amid Rate-Rise Bets
The global bond sell off continued Friday as long-run yields hovered around their multiyear highs and U.S. investors raised their bets the Federal Reserve will hike interest rates at its meeting next week.
The Labor Department reported that the consumer-price index report held steady at 3.4% in August, matching economist expectations. However, a firmer than expected measure excluding volatile food and energy prices came in higher than expected.
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