Bond Rout Unlocks 5% Yields — SkimNews
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- The 10-year Treasury is having its worst run in over 100 years, with Yahoo Finance noting that investors are still buying bonds despite the historic selloff.
- Bloomberg frames the bond rout as a 'silver lining' because investors can grab 5% yields, while The Economist characterizes the backdrop as markets waking up to the rich world's reckless borrowing.
Why it matters: The 10-year Treasury's worst stretch in over a century has pushed yields to 5%, a level Bloomberg frames as a rare silver lining for income-seeking bond buyers while The Economist warns it reflects the rich world's reckless borrowing. For government issuers selling debt at that level, the cost of capital has climbed to a once-in-a-generation print.
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