10 year US Treasury yield hits highest since 2002
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A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque
The US 10-year Treasury yield hit its highest level in 24 years on Thursday, as a brutal bonds selloff gathered pace.
It rose to as high as 5.342%, surpassing its 2007 peak, and hitting its highest since early 2002. The global benchmark posted its biggest quarterly rise this century in the third quarter.
(Reporting by Alun John; editing by Dhara Ranasinghe)
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