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10 things you need to know in markets today

10 things you need to know in markets today
WPA Pool/Getty
Good morning! Here's what you need to know in markets on Thursday.
1. US bond yields are surging, hitting fresh multi-year or multi-decade highs on Wednesday as strong US economic data fuelled expectations the US Federal Reserve will continue to lift official interest rates in the months ahead. The yield on benchmark 10-year notes jumped to 3.18%, surpassing the previous year-to-date high of 3.12%. It now sits at the highest level since 2011. Just over a year ago, benchmark yields sat just above 2%.
2. The Russian military intelligence agency accused of the attempted assassination of former spy Sergei Skripal has carried out a swathe of attacks in the UK and abroad on political institutions, financial systems, transport networks and the media, according to the British government. This secret international cyberwar has included the targeting of the US presidential elections which brought Donald Trump to power, according to a new report from the National Cyber Security Centre (NCSC), as well the anti-doping watchdog in world sport.
3. It's not just Russia. The US government on Wednesday warned that a hacking group widely known as cloudhopper, which Western cybersecurity firms have linked to the Chinese government, has launched attacks on technology service providers in a campaign to steal data from their clients. The Department of Homeland Security issued a technical alert for cloudhopper, which it said was engaged in cyber espionage and theft of intellectual property, after experts with two prominent US cybersecurity companies warned earlier this week that Chinese hacking activity has surged amid the escalating trade war between Washington and Beijing.
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