✉news BusinessMarkets first seen 5 h ago, last 5 h ago, peak #19
US 10-year yield hits 24-year high on fiscal worries
Original: Global bonds gripped by fiscal worries, US 10-year yield hits 24-year high
Bond markets worldwide are under pressure as fiscal concerns drive a sharp sell-off, with the US 10-year Treasury yield climbing to its highest level in 24 years. Investors are weighing government debt levels and borrowing plans, with rising yields signaling expectations of higher long-term borrowing costs across major economies.
Why now: Investors are alarmed by mounting government debt and the prospect of sustained higher borrowing costs.
US Treasuryglobal bond markets
Evidence
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