Treasury yields reach 24-year high
U.S. and global Treasury bond yields experienced a record surge, reaching their highest levels in 24 years, with yields falling back to approximately 5.26% after heavy selling. The yields on the ten-year bonds increased to 5.34%, the highest since 2002, driven by rising borrowing costs, increasing inflation, and efforts to support economic growth. This has led to higher financing costs for companies and governments.
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