Treasury Yields Hit Fresh 24-Year Highs as 30-Year Tops 5.7%
The 10-year Treasury yield climbed to 5.347% and the 30-year reached 5.702% as renewed bond selling and rising services prices put the Fed outlook in focus.
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The 10-year Treasury yield climbed to 5.347% and the 30-year reached 5.702% as renewed bond selling and rising services prices put the Fed outlook in focus.
Treasury yields reached levels last seen in 2002 before easing, as global bond selling and stronger manufacturing price pressure put borrowing costs in focus.
Gold prices retreated from a six-week high as rising U.S. Treasury yields and investor profit-taking weighed on the metal, while silver pulled back from its record peak.