US Treasury Yields Hit 24-Year Peak in Global Bond Rout — SkimNews
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- US Treasury yields hit a 24-year peak as a deepening global bond rout intensified across global debt markets, per Reuters.
- The 10-year Treasury yield climbed higher even as traders looked past inflation data, with CNN reporting a key rate blew through another decades-old record and Bloomberg attributing the move to 10 specific drivers pushing government bond yields higher.
Why it matters: A 24-year peak in Treasury yields, driven by a global bond rout that continues despite traders dismissing inflation data, raises borrowing costs across the economy — from mortgages to corporate debt — for any stakeholder financing on leverage.
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