American Treasuries jump; Iran’s president hits back at Trump, and more

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  American treasury yields jumped as investors weighed rising prices, volatile oil markets and future interest rate hikes.

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  The yield on 10-year treasuries rose above 5.12%, the highest since 2007,

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  while five-year bonds hit 5% for the first time in two decades.

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  The widely watched S&P Purchasing Managers Index reported strong business growth in America this month,

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