US Treasury yield hits the highest since 2002 at 5.34%
The yield on the 10-year Treasury note has surged past its 2007 high, now sitting at 5.34%. At the same time, 30-year US bonds have hit a 24-year peak this week. The rise in global sovereign debt is primarily driven by escalating oil prices amid t...
By ET Bureau | Updated:
ET Bureau
The US benchmark yield touched its highest level since 2002, the latest milestone in a monthslong selloff in global sovereign debt.
The yield on the 10-year Treasury note briefly rose above its 2007 peak to trade at 5.34% on Thursday. Earlier this week, the rate on 30-year US bonds also hit a 24-year high.
Government debt has been flailing around the world as elevated oil prices - tied to the war in the Middle East - ripple through the global economy, pushing investors to bet central banks will further raise interest rates. Massive government borrowing and strong investment in artificial-intelligence infrastructure is adding to the demand for capital, pushing up borrowing costs.
Global government bonds just posted their worst quarter since 2024, according to a Bloomberg index.
The yield on the 10-year Treasury note briefly rose above its 2007 peak to trade at 5.34% on Thursday. Earlier this week, the rate on 30-year US bonds also hit a 24-year high.
Government debt has been flailing around the world as elevated oil prices - tied to the war in the Middle East - ripple through the global economy, pushing investors to bet central banks will further raise interest rates. Massive government borrowing and strong investment in artificial-intelligence infrastructure is adding to the demand for capital, pushing up borrowing costs.
Global government bonds just posted their worst quarter since 2024, according to a Bloomberg index.
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