The dollar climbed to a six-month high on Tuesday, while government bonds came under pressure, as investors weighed the future path of monetary policy and corporate debt issuance compounded market moves.
The dollar rose 0.6 per cent against a basket of six peer currencies, touching its highest level since March.
At the same time, the 10-year Treasury yield rose 0.1 percentage points to 4.27 per cent while the policy-sensitive two-year yield gained 0.09 percentage points to 4.96 per cent. Bond yields rise as their prices fall.
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