10-Year Treasury Yields Surge to Highest Levels Since 2002
Borrowing costs globally, including for 10-year US Treasuries, surged on Thursday to their highest levels in decades, impacting government finances and potentially pressuring stocks and other global assets.
Borrowing costs from the US to France, Britain and Japan climbed to their highest levels in decades on Thursday, pressuring government finances and posing a risk to stocks, credit and other global assets. The 10-year US Treasury yield, a benchmark for borrowing costs and asset prices globally, rose.