Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook
The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.
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The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.
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The 10-year US Treasury yield rose to the highest level in almost two decades, the latest milestone in a bruising global bond selloff driven by surging energy prices, mounting debt and inflation.
The US government repurchased fewer 10- to 20-year securities than the maximum amount it outlined under Treasury Secretary Scott Bessentโs expanded buyback program, driving US government debt yields higher.
Over and over again, Treasury Secretary Scott Bessent keeps warning investors that heโs going to burn them.
Lombard Odier Senior Macro Strategist Homin Lee argues that expanded Treasury buybacks won't solve underlying US yield pressures driven by large deficits. While the plan may offer short-term relief, he emphasizes that broader macroeconomic factors will continue to dictate yields. (Source: Bloomberg)