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A selloff in US Treasuries paused following a weaker-than-expected services sector report, which increased expectations for a Federal Reserve interest rate cut this month. Yields retreated from session highs, with the two-year note’s yield dropping to 4.15%, marking its lowest level in a month.
The global safes and vaults market is projected to grow by USD 1.57 billion from 2024 to 2028, driven primarily by increasing demand from the healthcare sector and a shift towards customized security solutions. The market is expected to expand at a CAGR of over 5.34%, despite challenges posed by the rise of cashless transactions. Key players include Access Security Products, ADT Inc., and Godrej and Boyce, with trends highlighting the adoption of electronic and biometric safes for enhanced security in both commercial and residential settings.
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