Treasury yields hit 24-year highs as global sell-off accelerates
Yields on major U.S. Treasury bonds hit new 24-year highs on Wednesday, as the latest global bond sell-off gained steam. The 10-year Treasury yield rose to 5.36% and the 30-year Treasury yield hit 5.73%, the highest levels for each since 2002. Benchmark government bonds in France and Italy also rose sharply. The yield on the … Read more