From NBC News · Steve Kopack · · 1m 20s
U.S. Treasury Yields Hit 24-Year Highs
Global bond sell-off pushes U.S. Treasury yields to fresh 24-year highs.
In brief
Global bond sell-off pushes U.S. Treasury yields to fresh 24-year highs. U.S. Treasury yields reached 24-year highs as global bond sell-off intensified, with 10-year yields hitting 5.36% and 30-year yields at 5.73%. Originally reported by NBC News.
Treasury Auction
The Treasury Department auctioned $39 billion of 10-year bonds Wednesday afternoon.
Yields Reach 24-Year Highs
The 10-year Treasury yield rose as high as 5.36%, and the 30-year Treasury yield hit 5.73%, the highest since 2002.
European Bonds Rise
Benchmark government bonds in France and Italy rose sharply, with the U.K. 30-year government bond hitting its highest level since 1998.
Yields Eased After Auction
U.S. bond yields pulled back later in the day following a Treasury Department auction of $39 billion worth of 10-year bonds.
Market Reactions
The S&P 500 and Nasdaq ended down 0.2%, while the Dow fell 341 points and the Russell 2000 declined 1.3%.
Global Debt Crisis Warning
IMF chief Kristalina Georgieva warned governments urgently need to take steps to get their unprecedented debt under control.
AI Investment Pressure
Elon Musk’s SpaceX plans to raise $40 billion for AI chips could add pressure on government bond yields.
Debt Crisis Risk
France may be on the verge of a full-blown debt crisis as bond yields rise the most of any major economy this year.
The big picture
U.S. Treasury yields reached 24-year highs as global bond sell-off intensified, with 10-year yields hitting 5.36% and 30-year yields at 5.73%.
