License to yield

US Treasury yields surge above 5% as a mix of strong economic data, energy pressures and expectations for more rate hikes rattles global bond markets. President Trump and Xi Jinping meet as their extended trade truce disappoints markets. And reports of an OpenAI hack on an Australian government website add to calls for tighter AI regulation.

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Today's recommended read: Passive investing? That S&P 500 index fund is basically a tech fund⁠ by Jamie McGeever

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