Global Bond Sell Off Deepens as Yields Hit New Highs
Global bond markets faced continued pressure as US Treasury yields reached post financial crisis highs. Oil prices climbed above one hundred and five dollars and investors awaited talks between Trump and Xi.
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The 10-year United States Treasury yield touched 5.12% Thursday afternoon as a global bond sell-off accelerated alongside Brent Crude Oil holding above $105 a barrel. The spike matches levels last seen before the 2008 financial crisis, pressuring equities worldwide. Investors are bracing for a high-stakes meeting between United States President Donald Trump and China counterpart Xi Jinping in Washington.
