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10-year Treasury note yield hits highest level since 2002 as traders brace for key bond sale
Traders awaited a $39 billion note sale as the benchmark yield hit 5.307% and Fed minutes were due later Wednesday.
- On Wednesday, the 10-year Treasury yield climbed to 5.35%, its highest level since 2002, as investors sold government bonds ahead of a $39 billion auction and Federal Reserve minutes release.
- Analysts attribute the yield surge to massive deficit spending combined with a debt-funded AI infrastructure investment boom, while rising energy prices stoked inflationary pressures.
- The 30-year Treasury yield hit 5.73%, also its highest since 2002, while French and U.K. government bond yields rose sharply as the global bond sell-off intensified.
- Traders are awaiting Federal Reserve FOMC minutes due at 2:00 p.m. ET, expecting the release to clarify the central bank's outlook on inflation and rates.
- Strategists have underestimated yield rises in nine straight monthly surveys this year, though median forecasts predict easing to 5.00% by year-end despite wavering conviction.
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(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 7th (local time), selling pressure emerged again in the U.S. Treasury market, pushing major bond yields to their highest level in about 24 years during intraday trading...
·Seoul, Korea (the Republic of)
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10-year Treasury Yield Hits 24-year High, Raising Pressure On Stocks
NEW YORK (VINnews) — The yield on the benchmark U.S. 10-year Treasury note climbed to about 5.35% on Wednesday, its highest level since 2002, as investors sold government bonds ahead of the release of minutes from the Federal Reserve’s latest meeting. The move is important for Wall Street because Treasury yields influence borrowing costs across […]
Coverage Details
Total News Sources14
Leaning Left3Leaning Right4Center4Last UpdatedBias Distribution37% Center, 36% Right
Bias Distribution
- 37% of the sources are Center, 36% of the sources lean Right
37% Center
L 27%
C 37%
R 36%
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