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UK Pays Highest Real Yield in Decades After Market Selloff

(Bloomberg) -- The UK paid the most in decades to sell 30-year inflation-linked debt after a punishing selloff that’s seen investors dump British stocks, bonds and the pound.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesThe interest rate of 2.126% the government must pay on top of inflation for the £1 billion ($1.2 billion) of bonds sold at auction on Tuesday was the highest in data going back to 2006. The last time the so-call

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Morning Bid: Markets catch a break before inflation, earnings

Thanks largely to a stabilisation of bond markets and an ebbing of the super-strong dollar, global stocks caught a rare new year bid on Tuesday with critical inflation and corporate earnings updates now in view. A slightly bizarre narrative developed behind Monday's bounce in stocks, with some citing a Bloomberg report claiming President-elect Donald Trump's team is studying gradual tariff hikes - using emergency legislation to boost import duties 2%-5% per month until they wreak concessions from trade partners. With December producer and consumer price reports due out today and Wednesday, respectively, 10-year benchmark Treasury yields have dialled back from 14-month highs above 4.8% hit on Monday and 30-year 'long bond' yields are balking at 5% for now.

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