US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
US Treasury market faces significant selling pressure, pushing yields higher and testing Washington’s tolerance for elevated borrowing costs.
Bond Market
Global Bonds Battered as Inflation Fears Push 30-Year Treasury to 20-Year High
Global bond markets are suffering a severe sell-off as mounting inflation data spooks investors worldwide. The 30-year US Treasury yield has climbed to its highest level in nearly two decades, reflecting deep concerns about the long-term inflation outlook. The bond rout has spilled over into equity markets. The Dow Jones Industrial Average plunged 400 points, with the S&P 500 and Nasdaq Composite also posting significant losses. Oil price volatility has further amplified the selling pressure. ...