US and European bond yields hit peaks not seen since early 2000s
Yields on US 10-year Treasury bonds rose to their highest level since 2002, with similar increases observed in several European markets.
The benchmark 10-year US Treasury yield climbed to a level unseen since 2002, a move that typically influences global financial markets. Bond yields in the United Kingdom, Japan, France and Germany have also risen recently. In the UK, the long-term 30-year government bond surpassed a notable threshold for the first time in decades. Analysts attribute the upward pressure to persistent inflation, large sovereign borrowing and solid economic growth keeping rate expectations elevated.
Why it matters
Higher sovereign yields raise borrowing costs worldwide, influencing loans, mortgages and corporate financing.
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