Business & Economy · 1 view
10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
U.S. Treasury yields hit their highest level in more than two decades on Thursday as a global bond sell-off deepened.
AI Summary
U.S. Treasury yields surged on Thursday, with the 10‑year Treasury rate climbing 4 basis points to 5.3338%, a level not seen since April 2002. The rise reflects a deepening global bond sell‑off, according to LSEG data. The higher yield is significant because it influences borrowing costs for mortgages, auto loans and credit‑card debt.
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