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Market move● Neutral for Indian equities
US Market: 10-year yield surges to 5.31%, highest since 2007
The brief
- The 10-year Treasury yield touched 5.31%, its highest since 2007
- The historic bond selloff extended into a seventh session
- Long-Dated Treasury Yields Hit 24-Year Highs, French Spread Widens as Bond Selloff Ramps Up
- Stock Market Today: Global Bond Selloff Deepens
- 10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
- Dollar Hits 3-Month High on Prospect of Higher U.S. Rates
- Bonds teeter after US Treasuries' worst quarter since 1994