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Stocks in Europe declined as a bond sell-off deepened across the continent.Equities are being tested by the surge in bond yields, with some fund managers saying 3 percent U.S. 10-year rates would signal a bond bear market.Germany's DAX Index dipped 1.3 percent, hitting the lowest in more than four months with its fifth straight decline.Topix index fell 0.3 percent, Hong Kong's Hang Seng Index dropped 0.1 percent, the Kospi index declined 1.7 percent, Australia's S&P/ASX 200 Index rose 0.5 percent.The yield on 10-year Treasuries declined one basis point to 2.78 percent. Germany's 10-year yield rose one basis point to 0.73 percent, the highest in more than two years. Britain's 10-year yield increased three basis points to 1.531 percent, hitting the highest in 21 months.
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