Bond yields hit highs as tech stocks rise
Global bond markets faced selling pressure that pushed US Treasury yields to their highest levels since 2002. Meanwhile, tech stocks found support from Micron's strong earnings report.
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United States 10-year Treasury yields surged to 5.34% on Thursday morning, marking their highest level since 2002. The spike in global borrowing costs triggered a broad bond selloff across France, United Kingdom, and Japan. Global equity markets found a cushion as MICRON TECHNOLOGY INC posted blockbuster earnings.
