US Sells 10-Year Debt at Highest Yields Since Financial Crisis
The yield reflects rising demand for compensation as US debt climbs and Asian central banks face pressure to defend currencies and manage outflows.
- The $42 billion auction of 10-year notes cleared at 4.683% this week, the highest yield since the global financial crisis, signaling rising US Treasury yields that threaten export-reliant Asian economies.
- Washington's national debt approaches $40 trillion, with annual interest payments hitting $1 trillion—a "new norm" as debt climbs to 100% of GDP, while President Donald Trump's intrusions into Federal Reserve independence sharpen unease among foreign creditors.
- Indonesia's rupiah and India's rupee fell 7.2% and 6.2% year to date as capital pours into US assets, forcing central banks to raise rates they would otherwise prefer to avoid.
- Japan holds nearly US$1.2 trillion in Treasuries; China holds US$659 billion. Analysts question if these nations might treat their massive holdings as bargaining chips, potentially rippling through global markets as fiscal paths diverge.
- New Fed Chair Kevin Warsh faces pressure to steer policy amid sticky inflation that complicates potential rate cuts. Global markets await a credible commitment to raise rates and stabilize volatility, per BlackRock's Rick Rieder.
14 Articles
14 Articles
Asia Times
aheadoftheherd.comRising US Treasury yields put Asia back on edge
NEW YORK – US Treasury yields are pressing against their highest levels since 2007, and Asia’s policymakers know what that usually means: turbulence ahead. This week’s $42 billion auction of 10-year notes cleared at 4.683%, the richest yield since the eve of the global financial crisis. Investors are demanding higher yields to fund Washington’s borrowing as […] The post Rising US Treasury yields put Asia back on edge appeared first on Asia Times.
Geopolitical tensions and high inflation put pressure on long-running government bonds. Yields for the ten-year securities are as high as they have not been since the financial crisis.
Hastings Tribune
Live MintUS sells 10-year debt at highest yields since financial crisis
A $42 billion auction of 10-year U.S. Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the U.S. government.
Zero Hedge
Tailing 10Y Auction Prices At Highest Yield Since 2007
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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