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Worst Bond Rout in Decades Intensifies With UK Losing 27%

The turmoil in financial markets that has also caused a selloff in stocks is deepening, and “bond vigilantes” are back, according to Ed Yardeni, a veteran economist credited with coining the term in the 1980s. In Asia, the yuan and the yen are tumbling, while speculators bet the pound will slide below $1, a level that was once virtually unthinkable. 

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