US Treasury Yield Tops 5 Percent in Global Selloff
Global sovereign yields surged as the US ten-year Treasury benchmark exceeded five percent. The rapid selloff pushed borrowing costs higher and rattled equity markets across Asia and Europe.
The 10-year United States Treasury yield rose to 5.03% on Tuesday morning, crossing the 5% threshold for the first time in nearly two decades as a global bond selloff rattled equities.
