AI Image
10-year Treasury yield hits highest level since 2002
cnbc.com • • business
Key Points:
- U.S. Treasury yields reached their highest levels in over 20 years amid a global bond sell-off, reflecting rising borrowing costs worldwide.
- The 10-year Treasury yield climbed to 5.3338%, a level not seen since April 2002, increasing by 4 basis points.
- The 30-year Treasury yield rose 3 basis points to 5.6702%, marking its highest point since July 2002.
- Investor concerns about higher interest rates, government debt, and fiscal spending have driven the surge in borrowing costs globally.
