"Stronger-than-expected data on the labor market released on Friday has intensified concerns that the economy continues to run at a solid pace, stoking inflation fears and dampening expectations of further rate cuts by the Federal Reserve."
"This week, the 30-year mortgage rate, which typically tracks the 10-year Treasury yield, reached its highest level since early July, indicating the ripple effects of rising borrowing costs."
"The dollar continued its long-running rise, as the expectation of higher interest rates in the United States maintained its allure for investors around the world, even as yields in other bond markets lurched higher."
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