10-year Treasury yield retreats from 24-year high near 5.34%

  • U.S. bonds reversed course as investors reassessed developed-country debt markets.
  • 5.34% marked a new 24-year high for the 10-year Treasury yield.
  • French, Italian and Greek bond yields rose during a chaotic session.

The U.S. bond market reversed course Thursday after the benchmark 10-year Treasury yield reached a new 24-year high near 5.34%. The yield then retreated sharply, ending the session at 5.233%, while French, Italian and Greek bond yields rose during a chaotic trading session. The moves reflected investors distinguishing between perceived winners and losers among developed countries’ debt.

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10-year Treasury yield retreats from 24-year high near 5.34% - CoinPost Terminal