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Global bonds yields just spiked to multi-year highs a?? and it's fueling everyone's biggest fear about markets

Global bonds yields just spiked to multi-year highs a?? and it's fueling everyone's biggest fear about markets
Getty Images / Mario Tama



The US 10-year Treasury yield surged as high as 3.23% on Thursday to its highest level since mid-2011, and other bond markets around the world joined the action.




The increase resulted from strong economic data in the US, which fueled speculation the Federal Reserve would hike rates quicker than expected.




Such tightening of liquidity conditions has long been viewed by Wall Street experts as one of the biggest risks to markets going forward.



Global bond yields spiked across the board on Thursday, led by stronger-than-expected economic data and an easing of trade tensions.
The worldwide surge started in the US on Wednesday after private-sector payrolls beat estimates, fueling speculation that the Federal Reserve would raise interest rates more quickly than expected.
The central bank has long stated that it's closely watching inflation and the pace of US growth, and new signals of economic strength are commonly seen as emboldening them as they tighten monetary conditions.
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