European leaders held emergency talks after a blow-up between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy, leading to a proposed $840 billion plan called ReArm Europe to build up defense budgets in Europe. The U.S. appears to be aligning itself with Russia, disrupting the U.S.-led global order. This development raises questions about the future of Ukraine and the implications for America.
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Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off
Japanese government bond yields surged on Thursday, with the 10-year JGB yield reaching its highest level since June 2009, as global bond sell-off pressure was cited by experts. The 10-year JGB yield rose by nearly 8 basis points to surpass 1.5%, while the 30-year bond yield increased by 13 basis points to breach the 2.5% mark for the first time since 2008. Masahiko Loo, a senior fixed income strategist at State Street Global Advisors, noted...
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