A fresh wave of selling hit global bond markets on Sept. 15, pushing long-dated sovereign yields in several major economies to multi-year highs. In the United States, the 10-year Treasury yield moved above 5%, its highest level since 2007, while the 30-year yield rose past 5.4%, a level not seen since 2004. Japan’s 10-year government bond yield climbed to 3%, the highest since 1996. In Europe, the U.K. 10-year yield broke above 5.4%, marking a new high since 2007. France’s 10-year yield rose above 4.5%, its highest since 2008, and Germany’s 10-year yield reached 3.5%, the highest since 2009. According to BlockBeats, the moves show that major bond markets are facing synchronized upward pressure on yields as the sell-off intensifies across regions.
Global bond markets saw selling pressure intensify on Sept. 15, with long-term sovereign yields in several countries rising to multi-year highs, according to BlockBeats.
Long-term yields rise across major markets
In the United States, the 10-year Treasury yield moved above 5%, reaching its highest level since 2007. The 30-year Treasury yield climbed above 5.4%, marking its highest level since 2004.
Japan’s 10-year government bond yield rose to 3%, its highest reading since 1996.
In Europe, the U.K. 10-year government bond yield broke above 5.4%, its highest level since 2007. France’s 10-year yield moved above 4.5%, the highest since 2008, while Germany’s 10-year yield rose to 3.5%, the highest since 2009.
Yields face synchronized upward pressure
BlockBeats said major bond markets around the world are now facing clear, synchronized upward pressure on yields.
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