The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany, on September 13, 2018. AFP / Daniel ROLAND
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Core euro area yields rose to six-week highs Friday, as hopes of trade talks and receding emerging market concerns bolstered risk appetite, a day after the European Central Bank confirmed that its monthly asset purchases would be halved come October. Yields rose across the developed world, with 10-year U.S. yields briefly hitting the key 3 percent mark – the first time since Aug. 2 – on solid economic data and conviction the Federal Reserve would raise interest rates twice more in 2018 .The ECB lowered its growth projections by 0.1 percent for the next two years.Most other 10-year eurozone bond yields also reached 6-week highs and were up between two and four basis points on the day.
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