Highlights
Oil prices are up about 5 percent today and bond yields have resumed their upward march with the benchmark US Treasury 10-year note at 5.356 percent, a roughly 25-year high. Oil responding to reports of President Trump weighing options for new strikes on Iran.
Bond markets had something of a respite from their selloff on Wednesday but the bears are back in charge on Thursday. Lots of focus on France and UK yields breaking higher amid fiscal concerns. The dollar seems to be benefiting as the euro suffers from fears of a new sovereign debt crisis.
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