U.S. 10-Year Treasury Yield Surges to 4.486%, Up 50 Basis Points, Largest Weekly Jump in 24 Years

The U.S. 10-year Treasury yield surged to 4.486% on Friday, marking an increase of over 50 basis points for the week, one of the largest weekly jumps recorded. This spike, the biggest in 24 years, has raised concerns in the financial markets, with analysts suggesting that factors such as U.S. fiscal instability and escalating tensions between the U.S. and China are contributing to a shift away from safe-haven assets. Additionally, the 30-year Treasury yield rose by 46 basis points, representing the most significant increase in 38 years. The recent volatility in Treasury yields has prompted speculation regarding potential hedge fund liquidations and the impact of foreign selling, particularly from China.