US Treasuries: Yields near multi-decade highs – Deutsche Bank
Deutsche Bank analysts describe a renewed selloff in US Treasuries, with the 10-year yield around 5.25%, close to its 2007 peak and highest levels since 2002 if breached.
Deutsche Bank analysts report a surge in selling of US Treasuries, with the 10-year yield nearing 5.25%, close to its 2007 peak and highest since 2002 if surpassed. Real yields are driving the trend, and the yield curve is under pressure as markets anticipate a more aggressive Federal Reserve path, potentially including an October rate hike.
The 10-year yield jumped up to 5.24% by the close, almost reaching its 2007 peak of 5.29%. Other yields also rose, with the 2-year yield hitting 4.93% since 2024's high and the 30-year yield breaching a post-2004 high of 5.55%. Real yields reached a new high post-2008, with 10-year real yields at 2.89%. This inflation momentum led investors to expect a more hawkish central bank, with a 73% chance of an October rate hike priced into futures.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
