US Treasury yields soar

Hot US business output pushed the 10-year Treasury yield to 5.12%, its highest since 2007, amid Iran-war-driven inflation fears.

• Yields spike: The 10-year Treasury yield hit 5.12% Wednesday, its highest since 2007, after S&P Global data showed US business output growing at its fastest pace in five years, stoking inflation fears tied to Iran-war-driven energy prices.
• Iran responds at UN: President Masoud Pezeshkian said Tehran would negotiate with the US but would not accept Trump's 'bullying,' a day after Trump threatened to 'annihilate' the Islamic Republic; the US delegation walked out during his speech.

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