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Global Markets Hit New Highs and Lows

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U.S. benchmark government bond yields rose above 3 percent, hitting a two-and-a-half year high on Friday, while major global equity markets extended gains to a seventh day in a broad year-end surge. Gains in European stocks pushed American 10-year Treasury yield above 3 percent. Turkish stocks and the lira, meanwhile, plunged as a corruption scandal took its toll on markets there.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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