“A global bond sell-off pushed 10-year Treasury yields close to the significant 5% mark, approaching their highest level in almost two decades as the Iran War and U.S. trade policies combined to stoke inflationary fears,” Semafor reports.
“The increase in Treasury yields triggered a sell-off of Asian and Australian bonds, appearing to confirm that U.S. Treasury Secretary Scott Bessent’s attempt to steady the government debt market had backfired.”
Bloomberg: U.S. yields surge, calling Bessent’s bluff.
