10-year Treasury note yield hits highest level since 2002 as traders brace for key bond sale
The move reflects concern over inflation, debt and more Federal Reserve rate hikes as traders await the 10-year note sale and policy minutes.
- On Wednesday, the benchmark 10-year Treasury yield climbed to about 5.35%, its highest level since 2002, as investors sold government bonds ahead of a $39 billion note auction and Federal Reserve meeting minutes.
- Persistent inflation fears and massive deficit spending drove the bond sell-off, with heavy debt issuance by tech giants funding AI-linked infrastructure projects adding pressure to borrowing costs across developed economies.
- BMO's Head of U.S. Rates Strategy Ian Lyngen said Wednesday's $39 billion supply is 'far more relevant for setting the tone in US rates,' signaling investors demand significant premiums to absorb new debt.
- Rising yields pressured equity valuations as major indices tumbled, with investors weighing higher corporate borrowing costs and reduced present value of future earnings affecting REITs and technology stocks.
- Strategists polled by Reuters expect the benchmark yield to ease to 5.00% by year-end, though traders pricing in a 78% chance of unchanged Federal Reserve rates suggest conviction behind lower-yield forecasts remains wavering.
93 Articles
93 Articles
While interest rates on US Treasury bonds have soared mainly on long-term products and continue to put downward pressure on the stock market, Wall Street is offering mixed bond forecasts. The diagnosis that the yield on treasury bonds (interest rates) is at its peak and the warning that it will continue to rise and reach a high point are mixed. According to Bloomberg and others on the 8th, according to Bloomberg News Agency and others, on Wall S…
The sale of US bonds is slowing down, but tech entrepreneurs like Elon Musk could increase pressure again and trigger a vicious circle.
The debt crisis. The yield on 10-year US government bonds reached 5.34%, the highest since 2002
The debt crisis. The yield on 10-year US government bonds reached 5.34%, the highest since 2002.The main reasons are high inflation, the Fed's harsh policy and the growing US national debt, which has exceeded $40 trillion, or about 120% of...
Coverage Details
Bias Distribution
- 47% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
