By David Goldman, CNN (CNN) — In the latest dubious milestone for the US bond market, the yield on the 10-year benchmark Treasury note just hit its highest level since the dot-com bust. At 5.34%, the 10-year yield hasn’t been this high since 2002.
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US Treasury yields near 25-year highs
Headline from Semafor ·
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Bond market bust: The 10-year Treasury yield hit its highest level since 2002
Yields on the US Treasury’s longest-dated bond rose for a sixth straight day, crossing another key threshold amid a deepening selloff across global debt markets.
The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.
By David Goldman, CNN (CNN) — In the latest dubious milestone for the US bond market, the yield on the 10-year benchmark Treasury note just hit its highest level since the dot-com bust. At 5.34%, the 10-year yield hasn’t been this high since 2002.
The yield on the 10-year U.S. Treasury bond hit a 24-year high during Thursday trading, forecasting higher borrowing costs for Americans. The 10-year bond yield topped 5.34 percent early Thursday morning, the note’s highest mark since April 2002. That month, the yield reached a closing peak of 5.
The 10-year yield touched 5.34% on Thursday as a global bond selloff extended into the fourth quarter, pushing borrowing costs to multi-decade highs worldwide
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