Government bond yields across major economies surged to multi-decade highs this week in a synchronized sell-off that market observers have compared to the 2008 financial crisis.
Japan's 10-year yield crossed 3% for the first time since 1996, while US Treasuries and European debt hit their own historic thresholds simultaneously.
Japan's moves proved the most striking. The 10-year JGB reached 3%, the 5-year hit a record 2.26%, the 2-year touched a 31-year peak near 1.80%, and the 20-year climbed to 3.885%, levels unseen since 1996.
US Treasury yields pushed higher, too. The 10-year rate reached roughly 4.79% - 4.81%, the highest since January 2025, while the 2-year rate hit a 19-month high of 4.38%.
European markets followed the same pattern. German 10-year yields climbed to a 15-year high near 3.36%, French yields reached 4.22%, and UK gilts touched levels last seen in 2008. A Bloomberg gauge of global government debt yields hit 3.72%, its highest since mid-2008.
#since #debt #climbed
Japan's 10-year yield crossed 3% for the first time since 1996, while US Treasuries and European debt hit their own historic thresholds simultaneously.
Japan's moves proved the most striking. The 10-year JGB reached 3%, the 5-year hit a record 2.26%, the 2-year touched a 31-year peak near 1.80%, and the 20-year climbed to 3.885%, levels unseen since 1996.
US Treasury yields pushed higher, too. The 10-year rate reached roughly 4.79% - 4.81%, the highest since January 2025, while the 2-year rate hit a 19-month high of 4.38%.
European markets followed the same pattern. German 10-year yields climbed to a 15-year high near 3.36%, French yields reached 4.22%, and UK gilts touched levels last seen in 2008. A Bloomberg gauge of global government debt yields hit 3.72%, its highest since mid-2008.
#since #debt #climbed
2 months ago
