Bond market: Turbulence continues: yield on 10-year US bond climbs above 5.0 percent
It is only the second time since the financial crisis that the yield on benchmark bonds has exceeded this mark. Should the market prepare for a new "bond regime"?
US government bond yields have surged, with the 10-year benchmark yield briefly exceeding 5.0 percent on Monday, a level only reached once since the 2007 financial crisis, in October 2023. The US Treasury, led by Secretary Scott Bessent, has attempted to stabilize the market by buying back long-term bonds, but yields continue to rise.
The department plans to buy back $6 billion worth of long-term bonds, three times the original amount, to try to curb the rise in borrowing costs. The recent sell-off in US bonds is attributed to a rise in oil prices, with Brent crude prices increasing by around 4 percent to nearly $110 per barrel on Monday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
