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Government bond yields have increased to a 15-year high since the 2008 financial crisis, according to Bloomberg citing its own figures.
The yield on 30-year U.S. bonds also increased at the same time, reaching 4.42% in trade on Thursday, the highest level since 2011 and above the maximum for the previous year. The yield on US 10-year bonds increased to 4.3% and is currently close to its peak in 2022.
The papers released by the U.S. Treasury were the main cause of the sell-off in government bonds. This happened because the U.S. economy proved to be more resilient than anticipated and hasn't entered a recession since the Fed hiked the benchmark rate over 5%.
source: bloomberg.com
The yield on 30-year U.S. bonds also increased at the same time, reaching 4.42% in trade on Thursday, the highest level since 2011 and above the maximum for the previous year. The yield on US 10-year bonds increased to 4.3% and is currently close to its peak in 2022.
The papers released by the U.S. Treasury were the main cause of the sell-off in government bonds. This happened because the U.S. economy proved to be more resilient than anticipated and hasn't entered a recession since the Fed hiked the benchmark rate over 5%.
source: bloomberg.com
