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Global bond sell-off pushes U.S. Treasury yields to fresh 24-year highs
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The yields on key U.S. Treasury bonds touched fresh 24-year highs Wednesday as the latest global bond sell-off picked up steam.
Key facts
- The 10-year Treasury yield rose as high as 5.36%, and the 30-year Treasury yield hit 5.73%, the highest for each since 2002
- But at 5.3%, the yield on the auctioned bonds was the highest of any U.S. government sale of 10-year debt since November 2000
- U.S. bond yields pulled back later in the day following a Treasury Department auction of $39 billion worth of 10-year bonds, for which there was strong demand
- Her comments followed multiple reports that Elon Musk’s SpaceX plans to raise $40 billion in cash to buy AI chips from Nvidia
Summary
The yields on key U.S. The 10-year Treasury yield rose as high as 5.36%, and the 30-year Treasury yield hit 5.73%, the highest for each since 2002. When bonds fall, their yields rise. U.S. bond yields pulled back later in the day following a Treasury Department auction of $39 billion worth of 10-year bonds, for which there was strong demand. But at 5.3%, the yield on the auctioned bonds was the highest of any U.S. government sale of 10-year debt since November 2000.