10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
Borrowing costs surged as investors worried about higher rates, government debt and fiscal spending plans, with the 10-year yield rising to 5.34%, 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.
47 Articles
47 Articles
Interest paid by the US Treasury of 10 years has reached the highest level in 24 years this Thursday, in the midst of a fear of investors with the high public debt of the US and with the increase in inflation due to the high oil price. When inflation rises, central banks need to keep interest high for longer, pressing the cost of debt. The US Treasury's 10-year title is a reference to the global market. Interest paid for this role reached 5.3402…
Bond market bust: The 10-year Treasury yield hit its highest level since 2002
By David Goldman, CNN (CNN) — In the latest dubious milestone for the US bond market, the yield on the 10-year benchmark Treasury note just hit its highest level since the dot-com bust. At 5.34%, the 10-year yield hasn’t been this high since 2002. It had recently hit its highest level since 2007, and 30-year
On the financial markets, the sale of government bonds causes trouble. In the US, yields have risen to record levels for almost 25 years. This also has consequences for Germany.
volksfreund.de
On the financial markets, the sale of government bonds causes trouble. In the US, yields have risen to record levels for almost 25 years. This also has consequences for Germany.
The performance of the 10-year Treasury bond reached its highest level in 24 years, driven by fear of inflation and rising crude oil.In Europe, key bond interest also rose, reflecting energy uncertainty and expectations for tighter monetary policies.
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