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(Adds background and quotes in paragraphs 10-13) By Saeed Azhar and Arasu Kannagi Basil Oct 15 (Reuters) — The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank told Reuters, as a bruising selloff in government debt lifted yields to multi-decade hi
By Saeed Azhar and Arasu Kannagi Basil Oct 15 (Reuters) — The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank told Reuters, as a bruising selloff in government debt lifted yields to multi-decade highs. The 10-year US Treasury yield, a yardstick f
BNY’s CEO told Reuters that levels reached by the 10-year US Treasury yield this year are not unprecedented. The remarks came as a government-bond selloff lifted yields to multi-decade highs.