市場快報

Treasury yields near 16-year high as bond market shifts from low-rate era

Global bond prices fall after Fed minutes warn of ‘upside risks to inflation’
Until this month, yields on 10-year US Treasury notes had struggled to stay above 4%

Yields on long-term US government debt on Thursday neared their highest level since 2007 as investors increased bets that the Federal Reserve would successfully avoid a recession while curbing inflation through higher interest rates.

The sell-off in bonds — yields rise as prices fall — was mirrored in European markets, where UK 10-year gilt yields hit their highest level since 2008 and Germany’s equivalent hit levels not seen since 2011.

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