10 year US Treasury yield hits highest since 2002

The US 10-year Treasury yield has reached its highest level since 2002, surpassing a 24-year high. This significant increase in the yield is a result of a severe selloff in the bond market, where investors are rapidly selling their bonds, causing prices to drop. This development has major implications for the US economy and markets, as it can make borrowing more expensive for consumers and businesses, potentially slowing down economic growth.

Why it matters

The US 10-year Treasury yield is at its highest in 24 years, indicating a strong selloff in bonds. This could lead to higher borrowing costs and affect market sentiment.

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