00:00It's Benzinga bringing Wall Street to Main Street.
00:02A global government bond sell-off pushed borrowing costs to multi-decade highs Tuesday
00:08as hopes for an end to the U.S.-Iran war faded, according to CNBC.
00:13President Trump ruled out extending a ceasefire while Iran issued new threats of military escalation.
00:19A cargo vessel was struck while transiting the Strait of Hormuz overnight,
00:23raising concerns about a prolonged closure of the key shipping route.
00:26The U.S. 30-year Treasury yield climbed to 5.335%, its highest level since 2002,
00:33while the 10-year yield reached 4.748%, its highest since 2007.
00:38Government bond yields also rose sharply in Germany, France, Japan, Britain, Italy, Switzerland, and Canada.
00:47Karl Weinberg said heavy borrowing to fund AI infrastructure is contributing to rising bond yields.
00:52For all things money, visit Benzinga.com.
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