PIMCO's Rupert Harrison says a globally diversified bond portfolio offers reliable protection against AI-related risk. Bitcoin slid 3% to $71,704, its lowest since August, as Nvidia CEO Jensen Huang resigned and MSCI removed Strategy from benchmarks. Cleveland Fed President Beth Hammack favors smaller, steadier rate moves. Two-year gilt yields hit a three-year high of 4.993% on Iran tensions. The 10-year Treasury yield rose to 5.048%. The dollar stayed elevated on rate hike expectations.
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