US 10-Year Treasury Yield Hits 5.34%, Highest Since 2002
The yield on the US 10-year Treasury note has surged to 5.34%, surpassing its 2007 high. Meanwhile, 30-year US bonds reached a 24-year peak this week. This rise in global sovereign debt yields is driven mainly by escalating oil prices amid the ongoing Middle Eastern conflict. Investors anticipate further interest rate hikes from central banks.
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