Treasury yields jump toward 5% amid inflation fears
10-year Treasury yields moved close to the 5% level, contributing to a broader sell-off in global government bonds.
A global bond sell-off pushed 10-year Treasury yields close to the 5% level, near their highest point in almost two decades, as the Iran War and US trade policies fed inflation fears. The rise in Treasury yields also sparked selling in Asian and Australian bonds, and appeared to support the view that Treasury Secretary Scott Bessent’s effort to steady the government debt market had backfired. The Financial Times said Bessent’s moves have raised concerns that Washington is acting in a way more commonly associated with weaker borrowers. ”