10-year Treasury yield hits highest level since 2002
3 sourcesLeft-leaning 1Center 2Right-leaning 0
Summary
The yield on the 10-year U.S. Treasury bond topped 5.34% early Thursday, its highest level since April 2002, when it peaked at 5.48%. The rise is pressuring consumer and corporate borrowing costs and weighing on parts of the stock market. Yields later dropped from their highs, and equities turned higher.
Left-leaning
- U.S. Bond Yields Hit Highest Level Since 2002New York Times · Oct 1, 2:28 PM
Center
- 10-year Treasury yields hit 24-year highThe Hill · Oct 1, 10:38 AM
- Equities turn higher as Treasury yields drop from highsReuters · Oct 1, 2:49 PM