
U.S. Treasury yields reached their highest levels in over two decades on Thursday amid a deepening global bond sell-off, driven by investor concerns over interest rates, debt, and fiscal spending.
AI-generated summary
Borrowing costs around the world have surged amid investor concerns over higher interest rates and government debt loads.
U.S. Treasury yields hit their highest level in more than two decades on Thursday as a global bond sell-off deepened.
The benchmark 10-year Treasury yield breached a level last seen in April 2002, rising 4 basis points to 5.3338%, according to LSEG data.
The yield on the 30-year Treasury bond jumped 3 basis points to 5.6702%, its highest level since July 2002.
Borrowing costs around the world have surged in recent months as investors express concerns over higher interest rates, government debt loads and fiscal spending plans.
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