US Treasury Yields Hit 24-Year High as 10-Year Term Premium Reaches 12-Year Peak
Updated
Updated · Yahoo Finance · Oct 9
US Treasury Yields Hit 24-Year High as 10-Year Term Premium Reaches 12-Year Peak
2 articles · Updated · Yahoo Finance · Oct 9
Summary
US Treasury yields climbed to a 24-year high after a fresh bond selloff accelerated in recent weeks, raising concern that borrowing costs across the economy could stay elevated.
A 12-year high in the 10-year term premium drove the latest leg lower in Treasuries, signaling investors want more compensation for holding long-dated debt.
Barclays cited macro uncertainty, heavier debt supply, fiscal-policy worries and a breakdown in the usual stock-bond relationship as likely forces behind the repricing.
Strategists say the move points to staying power rather than a brief dislocation, with fiscal and geopolitical risks now weighing more heavily on long-term bonds.