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Weekly Market Directions

Rising yields, rising uncertainty

The US 30Y yields rose to 5.19%, the highest from 2007, while the 10Y moved above 4.5%. Yields across Europe and Japan also rose.

Line chart showing major developed market long-term rates from January to May 2026, comparing UK and US 30-year government bond yields. UK yields remain above US yields and fluctuate more sharply, while both trend higher in May. Source: Amundi Investment Institute, Bloomberg.

 

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