Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook - bloomberg.com — SkimNews
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- 10-year Treasury yield hit its highest level since 2002, driven by the rate outlook
- US Treasuries posted their worst quarter since 1994 as a global bond selloff gathered pace across markets
Why it matters: 10-year yields at 2002 levels reset borrowing costs on mortgages, corporate debt, and federal financing, lifting long-term debt costs for households and companies that locked in rates during the prior decade.
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