Global bond yields hit 2008 highs, raising stakes for big borrowers - Reuters — SkimNews
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- 10-year Treasury yield climbed to 5%, reaching its highest level since 2007, per Yahoo Finance.
- Global bond yields hit 2008 highs, raising the stakes for large borrowers according to Reuters.
- Dow futures turned lower as the 10-year yield crossed 5%, per WSJ's live updates.
- Oil and Treasury yields are now moving in closer correlation than at any point in the past seven years.
Why it matters: A 5% 10-year Treasury yield functions as the benchmark borrowing cost for mortgages, corporate debt, and government financing, so crossing that threshold directly raises debt-service costs across the economy. The simultaneous drop in Dow futures shows the move is already spilling from bonds into equities.
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