Global bond rout deepens, pushes US Treasury yields to 24-year peak
US Treasury yields reached their highest levels since 2002 as a global bond rout intensified. The 10-year yield climbed to 5.342% and the 30-year yield reached 5.683%. While pressure eased recently, giving investors some reprieve, the market remains volatile following the worst quarter for US Treasuries since 1994. This surge in borrowing costs occurred despite a weak jobs report that typically would have pushed yields lower. The selloff extended beyond the US, widening the French-German bond spread to a 14-year high.
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- ✓ The 10-year US Treasury yield reached 5.342%.
- ✓ The 30-year US Treasury yield reached 5.683%.
- ✓ US Treasury yields hit their highest levels since 2002.
- ✓ US Treasuries experienced their worst quarter since 1994.
What changed
US Treasury 10-year and 30-year yields hit peaks not seen since 2002.
Live updates
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US Treasury Yields Hit 24-Year High Amid Global Bond Selloff
US Treasury yields reached their highest levels since 2002 as a global bond rout intensified. The 10-year yield climbed to 5.342% and the 30-year yield reached 5.683%. While pressure eased recently, giving investors some reprieve, the market remains volatile following the worst quarter for US Treasuries since 1994. This surge in borrowing costs occurred despite a weak jobs report that typically would have pushed yields lower. The selloff extended beyond the US, widening the French-German bond spread to a 14-year high.
Why it matters
Rising government bond yields increase borrowing costs for the US government and often put downward pressure on equity markets. This trend suggests investor concerns over long-term inflation or fiscal stability that Federal Reserve rate hikes alone cannot resolve. Market volatility is currently being balanced by gains in specific sectors like software and semiconductors.
What is confirmed
- The 10-year US Treasury yield reached 5.342%.
- The 30-year US Treasury yield reached 5.683%.
- US Treasury yields hit their highest levels since 2002.
- US Treasuries experienced their worst quarter since 1994.
Still unconfirmed
- Three forces are combining to make Washington borrowing costs spiral in a way the Fed cannot fix by raising rates.
- The French-German bond spread hit a 14-year wide.
What to watch next
- Further movements in the 10-year and 30-year Treasury yields
- Impact of long-term bond buyback plans announced by Treasury Secretary Scott Bessent
confidence 90%Sources used for this update (18)
- www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Markets fall for 2nd day as high oil prices, foreign fund outflows weigh
- CNBC — Pressure on U.S. Treasurys eases after 30-year yield hits highest level since 2002
- WSJ — Stock Market Today: Treasury Yields Slip, Giving Investors Some Reprieve — Live Updates
- Bloomberg.com — Ten Reasons Investors Are Driving Government Bond Yields Higher
- Reuters — Bonds teeter after US Treasuries' worst quarter since 1994
- cnbc.com — 10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
- CNN — Bond market bust: The 10-year Treasury yield hit its highest level since 2002
- The New York Times — U.S. Bond Yields Hit Highest Level Since 2002
- Honolulu Star-Advertiser — Wall Street dips as rising Treasury yields outweigh software gains
- finance.yahoo.com — U.S. Treasury yields surge to 24-year highs in global bond ...
- 247wallst.com — Global Bond Selloff Pushes U.S. Treasury Yields to 24-Year ...
- www.hawaiitribune-herald.com — Global bond rout deepens, pushes US Treasury yields to 24-year peak - Hawaii Tribune-Herald
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