10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
Rising debt, inflation and rate expectations are driving a global bond rout that pushed the 30-year Treasury yield to a 24-year high.
- 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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COSTS of borrowing in the USA and Europe have reached multi-year records, which, due to inflation and expensive oil, threatens to increase the price of loans for citizens.
The ten-year bond yield of the US Treasury reached 5.34%, after rising almost half a percentage point only in September, on the largest monthly escalation since 2024. Neither inflation data more favorable than expected stopped the sale of debt, in a movement that is already spreading to Europe
Channel News Asia
PressNewsAgencyYields fall after US 10-year hits highest since 2002; stocks, euro also decline
NEW YORK/LONDON, Oct 1 : Bond yields fell on Thursday, after the benchmark 10-year Treasury yield earlier hit its highest level since 2002, while stocks also eased as US manufacturing data pointed to sustained inflation pressures.Yields initially hit fresh highs after the data, which showed that US manufactur
Bond Market Troubles Reveal Impending Crisis - Revolutionary Communists of America
The US government is having to pay increasing amounts of interest to borrow money. For the first time since 2007, interest on its 10-year debt has reached five percent. The crisis in the bond markets reflects the pressures arising from the Hormuz crisis, protectionism and the chaotic AI buildout.
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