Treasury yields rise 10-15 basis points as bond selloff resumes

  • Treasury yields rose as selling resumed across major government bond markets.
  • U.S. Treasury yields increased 10-15 basis points during U.S. trading hours.
  • Eurozone and U.K. yields rose after tentative calm in Asian trade.

U.S. Treasury yields moved higher toward multiyear highs as bond selling resumed after a brief period of calm in Asian trading. Treasurys were heavily sold during U.S. hours, pushing yields up 10-15 basis points. The move initially tracked rising eurozone government bond yields before accelerating after better-than-expected U.S. purchasing managers’ data for September. Eurozone and U.K. government bond yields also rose in European trading.

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