US 10-Year Yield Hits 5.03% as Global Markets Slip
US 10-year Treasury yields have breached 5.03%, a level unseen since 2007, as elevated oil prices and expectations for imminent Federal Reserve rate hikes fuel global bond selling. Market participants are now bracing for a 25bp increase on Wednesday, with analysts debating whether further aggressive tightening is sustainable.
According to FXStreet, the yield spike is being driven by oil prices trading near $100 and a hawkish Federal Reserve outlook, with strategists at BNY confirming that a 25bp rate hike is nearly certain to occur on Wednesday. While the market currently prices in approximately four additional hikes this year, BNY cautions that such aggressive tightening may prove to be premature.
Source: fxstreet.comThe US 10-year Treasury yield reached 5.03%, the highest level since 2007. Global equities declined as bond selling accelerated.
Source: Anadolu Ajansı
