10-Year US Treasury Yield Hits 19-Year High as Oil Prices Surge
The benchmark bond yield reached 5.02 percent on Tuesday, its highest level since the 2007 financial crisis.
The 10-year US Treasury yield climbed to 5.02 percent on Tuesday, marking the first time it has reached that level since the global financial crisis in 2007, according to Al Jazeera. The move comes as oil prices surge.
Higher Treasury yields can signal investor concerns about inflation or economic growth, and typically lead to increased borrowing costs for consumers and businesses.
Sources
- Benchmark US government bond yield hits 19-year peak as oil prices surge — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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