The yield on the US 10-year note was 2 basis points lower to 4.25 per cent at 2.26pm in New York; it had spiked above 4.30 per cent the previous session. Germany’s 10-year yield fell 9 basis points; Italy’s tumbled 10bps. Other top stories Unpaid GST surge has helped blow a $50b hole in revenue A near three-fold explosion in GST debt in the past six years is fuelling a surge in unpaid taxes. Gone in 120 seconds: how a $4.6b fraud wave unfolded The 56,000 people in the GST fraud promoted on TikTok had to fill in only three...