(TNS) Global markets remain on edge after a selloff in government bonds drove long-term borrowing costs in the US and Europe to the highest level in more than a decade.
(Bloomberg) Global bonds are getting hammered as Treasuries bulldoze their way through the world market to the greatest extent since the pandemic hit in 2020.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Traders a
The yield on 30-year US Treasuries hit 5% for the first time since 2007 on Wednesday, while the German 10-year benchmark rate climbed to 3% a level unseen since 2011. In Japan, the 10-year overnight-indexed swaps jumped to 1% for the first time since January.