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10-Year Treasury Yield Hits 5.33%, a 24-Year High, as Global Bond Selloff Deepens

By Market Flux···1 min read
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The 10-year U.S. Treasury yield climbed 4 basis points to 5.3338% on Thursday, October 1, breaching levels last seen in April 2002 and surpassing the 2007 peak, according to LSEG data. The move extended a weeks-long global bond rout driven by persistent inflation, massive government borrowing, and strong economic growth that has kept interest-rate expectations elevated, with rising oil prices adding additional pressure after the U.S. rejected Iran's latest peace proposal.

The 30-year Treasury yield also reached its highest point since 2002, touching just above 5.6% intraday before settling around 5.585%. Because the 10-year yield serves as the key benchmark for mortgage rates, auto loans, and credit card debt, the move carries direct consequences for consumer borrowing costs across the economy.

The selloff spread globally. French 10-year yields jumped 11 basis points to 4.9501%, widening the French spread notably, Italy's 10-year rose 10 basis points to 4.7171%, and the U.K. 10-year climbed 5 basis points to 5.483%. Investors were also watching U.S. jobs data due Thursday, which could influence how far the selloff extends.

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  1. Cnbc10-year Treasury yield hits highest level since 2002
  2. MarketWatchYields on the 10-year and 30-year Treasurys reach highs not seen since 2002
  3. WSJmarketsLong-Dated Treasury Yields Hit 24-Year Highs, French Spread Widens as Bond Selloff Ramps Up
  4. Investing10 year US Treasury yield hits highest since 2002
  5. MarketsdayUS Treasury Yields Hit Highest Since 2002 US 10-Year Treasury Bond Yield hits 5.33, 30-Year Treasury Yield Hits 5.667 -- Both highest since 2002. Global bonds closed out their worst month in years on Wednesday, with the benchmark 10-year US Treasury yield rising on the day and posting its biggest monthly increase since 2022, while the S&P 500 registered a decline for September and European shares suffered their first monthly fall in six. For the quarter, 10-year US yields were showing their biggest rise since 2009, while France's 10-year bond yield had its biggest jump in nearly four decades. France's 10-year yield had its biggest monthly rise in almost four years.
  6. BusinessThe US benchmark yield climbs to the highest since 2002
  7. ETMarketsThe US 10-year #Treasury yield climbed to its highest level since early 2002 on Thursday, deepening a global bond sell-off and putting fresh pressure on emerging markets, including India. The yield rose as high as 5.34%, crossing its 2007 peak, as investors sold government bonds on concerns over inflation, higher crude prices and the possibility that US interest rates may stay elevated for longer. #ETMarkets Read more here
  8. MikeZaccardiInflation swaps remain tame.. near 2.5% across terms @augurinfinity 5yr breakeven inflation steady at 2.36%
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  1. ReutersBizWATCH: The dollar just wrapped up its best month since March, buoyed by rising US Treasury yields and the Fed’s renewed fight against inflation. Jane Foley from Rabobank says the dollar should stay firm 'almost by default'
  2. ZerohedgeUS Mfg PMI Sept Final 55.9, Exp. 57.0
  3. DeItaoneU.S. TREASURY YIELDS EXTEND GAINS; YIELD ON 10-YEAR TREASURY NOTE LAST UP 4.72 BASIS POINTS AT 5.34% TWO-YEAR U.S. TREASURY YIELDS, LAST FLAT AT 4.883%
  4. FirstSquawkU.S. TREASURY YIELDS EXTEND GAINS; YIELD ON 10-YEAR TREASURY NOTE LAST UP 4.72 BASIS POINTS AT 5.34%
  5. FXStreetNewsMarkets are pricing a Fed pause. The jobs data says the hike is still coming Read More!➡️ #Forex #Fed
  6. Cablefxmacro💹<JPY=>: That is a decent bid on the Swiss franc (CHF). The French-German 10-year bond yield spread hits 134 bps, the highest in 14 years. We are looking at a carry unwind, and I'm not surprised the yen is outperforming the G10.
  7. CoinGapeMedia🚨 #Robinhood Stock Eyes $114 $HOOD trades near $113.24 as U.S. #jobless claims fall to 197K, below expectations. A break above $113.70 could put $114 in focus. 🔗 Know more in comments
  8. Reuters10 year US Treasury yield hits highest since 2002
  9. BusinessInsiderBond yields are the highest in 24 years, but stocks aren't far from all-time highs reached in August.
  10. BarronsonlineMortgage Rates Jump a Quarter Point to Their Highest Level Since 2023
  11. Seeking AlphaMidday Need to Know: Accenture surges, Treasury yields jump & more
  12. JesseCohenInv🚨 Mortgage rates just hit their highest level since 2022. The average U.S. 30-year fixed rate jumped to 7.28%, up from 7.03% last week and 6.34% a year ago. That’s the 6th straight weekly increase. For a $400K mortgage, today’s rate means roughly $276 more per month than when rates briefly hit 5.98% earlier this year. Housing affordability just took another hit.
  13. StaunovoGlobal bond rout deepens, pushes US Treasury yields to 24-year peak