US 30Y yield

Bond yields get dangerously high

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Trump on time for Iran: 2-3 days, maybe til early next week. That's what he said when reporters asked him about until when those planned additional strikes on Iran were being delayed until.

Trump's remarks means the upward pressure on oil remains. And that's one of the of the biggest reasons behind the dollar's strength.

The other is the the rise in US Treasury yields. In fact, the US 30-year Treasury yield has now climbed to 5.197% today, marking its highest level since July 2007.

If yields press further higher, then watch out for more losses in gold and silver, and growth stocks too.

By Fawad Razaqzada, marker analyst with FOREX.com

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