10-year US Treasury yield hits highest level since 2002

Synopsis The US 10-year Treasury yield hit its highest level in 24 years on Thursday, as a brutal bonds selloff gathered pace. Listen to this article in summarized format Loading… × The US 10-year Treasury yield hit its highest level in 24 years on Thursday, as a brutal bonds selloff gathered pace. It rose to as high as 5.342%, surpassing its 2007 peak, and hitting its highest since early 2002. The global benchmark posted its biggest quarterly rise this century in the third quarter. (You can now subscribe to our ETMarkets WhatsApp channel) (What’s moving Sensex and Nifty Track latest…