Stock Market Today: Global Bond Selloff Resumes; Yields Remain at Highs
Global bond markets are experiencing a significant selloff as investors exit government debt, pushing the 10-year U.S. Treasury yield to a 24-year high. While some reports place the yield at 5.234%, other data indicates it has reached 5.34%. This bond rout is pressuring global stocks, leading to mixed performance for the Dow, S&P 500, and Nasdaq, and threatening European shares with their first monthly loss in six months. In contrast, Bitcoin has recovered to $84,000 as some crypto assets shrug off the surging yields.
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- β The 10-year U.S. Treasury yield has hit its highest level since 2002.
- β Global bond markets are undergoing a significant selloff as investors exit government debt.
What changed
The 10-year Treasury yield reached its highest level since 2002 amid a deepening global bond rout.
Live updates
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U.S. 10-Year Treasury Yield Hits Highest Level Since 2002
Global bond markets are experiencing a significant selloff as investors exit government debt, pushing the 10-year U.S. Treasury yield to a 24-year high. While some reports place the yield at 5.234%, other data indicates it has reached 5.34%. This bond rout is pressuring global stocks, leading to mixed performance for the Dow, S&P 500, and Nasdaq, and threatening European shares with their first monthly loss in six months. In contrast, Bitcoin has recovered to $84,000 as some crypto assets shrug off the surging yields.
Why it matters
Rising yields typically reduce the appeal of risk assets like stocks. The current volatility is driven by rate outlooks and geopolitical tensions, including a reported rejection of an Iranian offer by Donald Trump.
What is confirmed
- The 10-year U.S. Treasury yield has hit its highest level since 2002.
- Global bond markets are undergoing a significant selloff as investors exit government debt.
Still unconfirmed
- Futures slid and oil jumped after Donald Trump spurned an offer from Iran.
What to watch next
- Upcoming corporate earnings season results
- Further Eurozone Consumer Price Index data
- Changes in U.S. Treasury yield trends
confidence 90%Sources used for this update (19)
- www.zerohedge.com β Futures Slide As Oil Jumps, Bond Selloff Resumes After Trump Spurns Iran Offer | ZeroHedge
- www.coindesk.com β Bitcoin recovers to $84,000 while stocks fall on bond market pressure
- Bloomberg.com β Asian Stocks Eye Rough Start After US Reversal: Markets Wrap
- Bloomberg.com β Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook
- Yahoo Finance β Stock market today: Dow, S&P 500, Nasdaq mixed as Micron earnings boost tech
- cnbc.com β 10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
- WSJ β Stock Market Today: Global Bond Selloff Deepens β Live Updates
- CNN β Bond market bust: The 10-year Treasury yield hit its highest level since 2002
- www.home.saxo β Market Quick Take - Feds Williams comments caps treasury yields Micron earnings on tap - 30 September 202....
- The New York Times β U.S. Bond Yields Hit Highest Level Since 2002
- The Hill β 10-year Treasury yields hit 24-year high
- komonews.com β The forces driving bond yields higher may be here to stay
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