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U.S.-Iran tensions push bond yields higher, mortgage rates spike
U.S.-Iran geopolitical tensions are driving bond yields higher, lifting mortgage rates and increasing borrowing costs for homebuyers. The risk-off sentiment is affecting safe-haven demand and Treasury yields. USD pairs, particularly USD/JPY and USD/CHF, may strengthen as investors flee to safe havens; conversely, risk currencies like AUD/USD and NZD/USD face headwinds.
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