U.S. two-year Treasury yields climbed to their highest level in nearly 18 months as investors increased bets that the Federal Reserve will raise interest rates to tackle persistent inflation. Markets are now pricing in a higher likelihood of a rate hike, with upcoming inflation data and Fed Chair Kevin Warsh’s congressional testimony expected to shape expectations further. Read more via the link in our bio.

Egypt has introduced a second tax reform package to attract investment, including replacing the capital gains tax with a stamp duty, cutting VAT on medical devices to 5%, extending tax relief for industry, and introducing new incentives for businesses and property owners.