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October 5, 2018

Why rising rates are shaking the markets

AP Business Writer

NEW YORK — Well, that escalated quickly.

After rising steadily for much of the past year, Treasury yields got a shot of adrenaline this week, and the yield on the 10-year Treasury leaped to its highest level in seven years. It temporarily crossed above 3.20 percent during trading on Thursday, up from 3.05 percent late Tuesday.

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