US Treasury Yields Hit 24-Year High in Global Bond Rout — SkimNews
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- US Treasury yields surged to a 24-year peak as the global bond rout deepened, according to Reuters
- Wall Street dipped as the jump in Treasury yields outweighed gains in the software sector, per the Honolulu Star-Advertiser
- CNN framed the move as a key rate blowing through another decades-old record, underscoring the bond market's break with prior cycles
- Manufacturing data and climbing oil prices were cited alongside the Treasury surge as catalysts for the broad equity decline
Why it matters: The 10-year Treasury yield has now cleared a level not seen since 2000, a move that directly pressures equity valuations — and the simultaneous Wall Street slide confirms stocks aren't decoupling from the bond shock. Bond holders are sitting on a 24-year mark while equity holders absorb the knock-on hit, with manufacturing and oil data compounding the rates-driven selloff.
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