Market News / Story
Treasury Yields Hit 24-Year Highs Ahead Of $39B 10-Year Note Sale — Danske Reportedly Sees Risk Of 6% As Pressure Builds
Stocktwits ·
Stocktwits reports: U.S. Treasury yields climbed to their highest levels in more than two decades on Wednesday as investors prepared for a $39 billion auction of 10-year notes and weighed persistent inflation, government borrowing and growing corporate financing needs. The 10-year Treasury yield reached 5.361%, while the 30-year yield climbed to 5.730%, their highest levels since 2002. Bond markets have come under pressure as investors weigh persistent inflation and higher energy prices.…