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Benchmark US government bond yield hits 19-year peak as oil prices surge
The 10-year US Treasury yield hit 5.02 percent on Tuesday for the first time since the 2007 global financial crisis.
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The 10‑year U.S. Treasury yield rose to 5.02 percent on Tuesday, marking its highest level since the 2007 global financial crisis. Traders pushed the benchmark government bond rate to a 19‑year peak as oil prices climbed, fueling expectations of a Federal Reserve interest‑rate hike.
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