Arabic version: عائد سندات الخزانة لأجل 10 سنوات يسجل أعلى مستوى جديدًا في عدة سنوات

According to Cnbc, the 10-year U.S. Treasury note yield reached a fresh multiyear high on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield, a key benchmark for mortgages, auto loans and credit card debt, reached 4.814% earlier in the day, its highest level since November 2023.

The 10-year yield was last seen down more than 2 basis points at 4.776%. The 30-year Treasury yield was 2 basis points lower at 5.247%, while the 2-year Treasury note yield fell more than 1 basis point to 4.377%. One basis point equals 0.01%, and bond yields and prices move inversely.

Yields had risen globally as investors continued to demand a greater premium for taking on medium- and long-term government debt. The latest escalation in Middle East tensions renewed fears that inflation could prove entrenched, while traders increasingly expected interest-rate hikes this month in the United States and elsewhere.

Dan Coatsworth, head of markets at AJ Bell, said in a Wednesday note that investors were confronting an inflation threat and that market expectations for the scale of rate hikes continued to evolve. He said some bond investors may seek to lock in high yields created by the latest volatility, but expectations of even higher yields if rates rise quickly could leave them waiting before buying.