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All eyes were on the U.S. central bank this past week. And investors got what they were hoping for as the Federal Reserve reassured them that they have no plans to change policy any time soon.

The upward pressure on bond yields that had been so notable of late was less pronounced over the past week, driven by a confluence of factors.

The volatility in bond markets, caused by growing inflation concerns, continues to be the central issue of focus for investors. This has led to some weaker equity market performance.