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[Music] foreign [Music] the resilience of the U.S economy is increasingly in doubt in the face of the aggressive tightening that has been in place for nearly a year whether the level of interest rates considered neutral is really as low as it has been in the past the market quickly reassessed the feds hawkish expectations as the U.S purchasing managers index released by SNP Global showed that the U.S economy continued to strengthen in February and did not show the appearance of a recession after Mondays Market break U.S treasuries opened with a sharp drop on Tuesday with the 10-year U.S treasury yield climbing to 3.95 percent a new high for the year not only that European bond yields also Rose sharply on Tuesday and there was a sell-off in the Australian and New Zealand Bond markets on Wednesday meanwhile China accelerated the reduction of its Holdings of U.S treasuries and increased its Holdings of gold from a peak holding of 1.3 trillion dollars in U.S debt it has fallen to the cu
