TREASURY YIELDS SURGE TO FRESH 24-YEAR HIGHSTreasuries sold off sharply, pushing the 10-year yield to 5.34% and the 30-y | Hanami
TREASURY YIELDS SURGE TO FRESH 24-YEAR HIGHS
Treasuries sold off sharply, pushing the 10-year yield to 5.34% and the 30-year to 5.70%, their highest levels since 2002.
Pressure comes from resilient growth, AI-driven investment and persistent inflation, with ISM Services Prices Paid hitting 74.0, the highest since July 2022.
Markets price roughly a 25% chance of an October Fed hike, with a full 25bp increase priced by December.