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10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
Rising borrowing costs and debt concerns pushed the 10-year yield to 5.3338%, while the 30-year bond also climbed to a 2002 high, LSEG data showed.
- On Thursday, the 10-year Treasury yield hit its highest level in 24 years, rising 4 basis points to 5.3338% as a 'brutal' bond sell-off gathered pace.
- Borrowing costs around the world have surged in recent months as investors express concerns over higher interest rates, government debt loads, and fiscal spending plans.
- The 30-year Treasury bond yield jumped 3 basis points to 5.6702%, its highest level since 2002, while the 10-year yield breached levels last seen in early 2002.
- During the third quarter, the global benchmark posted its biggest quarterly rise this century, reflecting significant shifts in international bond market trends.
- LSEG data shows the yield rose as high as 5.342%, surpassing its 2007 peak and hitting its highest point since early 2002.
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Another "barrier" has been broken in the government bond market. The yield on the 10-year US Treasury jumped to 5.33% on Thursday, now surpassing even the peak of 2007 and reaching… Lasting shock in bonds: New record yield for the US 10-year – Soared to 24-year highs - ΙΝΑΦΤΕΜΟΡΙΚΙ
Rome, 1 Oct. (askanews) • The government bond rates of advanced economies continue to rise, particularly on US Treasury bonds. In morning trading on the London market, ten-year Treasury yields reached 5.33%, according to the Financial Times reaching the highest level since 2022. The [...]
Coverage Details
Total News Sources14
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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