US 10 Year Yield Hits 24 Year High
The US ten year Treasury yield reached its highest level since early 2002 amid a significant bonds selloff. The global benchmark also recorded its largest quarterly rise of the century.
Insights:
The United States 10-year Treasury yield rose to 5.342% on Thursday morning, marking its highest level in 24 years. The global benchmark surpassed its previous 2007 peak as a bond selloff accelerated. The surge capped the largest quarterly rise for the asset this century during the third quarter.
