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US Market Weekly Recap: Bonds Break a 19-Year Ceiling, Chips Refuse to Blink, and Washington Takes the Dollar On-Chain
Stronger-than-expected US business activity pushed the 10-year Treasury yield to 5.22%, its highest since 2007, and raised the odds of an October Fed hike. Chip and AI stocks still rallied, led by AMD's $1 trillion milestone. In crypto, Bitcoin retreated while Washington weighed a push for dollar stablecoins overseas.
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