US 10-year Treasury yield hits 19-year high with Fed decision eyed
NEW YORK — U.S. Treasury yields rose on Tuesday, with the benchmark 10-year Treasury note yield hitting its highest level since July 2007 as investors brace for what may be the first in a series of rate hikes from the Federal Reserve as it tries to tamp down inflation pressures. Bond markets around the globe saw yields rise, in part due to continued pressure from rising oil prices, which have…
U.S. Treasury yields surged on Tuesday, reaching their highest point since July 2007 as investors anticipated potential rate hikes from the Federal Reserve to combat inflation. This surge in yields impacted bond markets worldwide, with heightened oil prices fueling expectations of central bank rate increases globally. The benchmark U.S. 10-year Treasury note yield climbed 4.7 basis points to 5.008 percent, climbing to 5.041 percent, its peak since July 19, 2007, and marked its sixth increase in the past seven sessions.
The Bank of England reportedly planned to announce a halt to selling long-dated government bonds to release funds for the government. Crude oil prices surged by approximately 2 percent, driven by concerns over supply following attacks on Saudi Arabia's energy infrastructure, which left the East-West Pipeline offline.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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