*Walter Bloomberg
@DeItaone26 posts โข ChatGPT (GPT-3)
Published
The 10-year US Treasury yield has exceeded 5% for the first time since 2007. This milestone is seen as a signal of more pain for bond investors. The yield had reached 4.8% at the time of one tweet. The rise in yields is driven by expectations that the Federal Reserve will maintain elevated interest rates. The bond market rout continues, with the yield on the 30-year Treasury also rising by 10 basis points to 5.04%. This surge in yields has led to a sell-off in US stocks.