Summary
- The U.S. 10-year Treasury yield reached 5.14%, its highest level since 2007.
- The U.S. 30-year Treasury yield and 5-year Treasury yield also hit their highest levels since 2007.
- Rising U.S. long-term Treasury yields could increase discount rates for risk assets such as stocks and cryptocurrencies.
Forecast Trend Report by Period
U.S. 10-year and 30-year Treasury yields both rose to their highest levels since 2007.
Odaily reported on September 23 that the benchmark 10-year Treasury yield rose 0.17 percentage point from the previous day to 5.14%, its highest level since 2007.
The 30-year Treasury yield also climbed as high as 5.435% during the session, reaching its highest level since 2007. The 5-year Treasury yield jumped about 0.20 percentage point to 5.03% intraday, topping 5% for the first time since 2007.
Bond yields move inversely to bond prices, so a rise in Treasury yields means prices are falling. Persistently high long-term U.S. Treasury yields could raise discount rates for risk assets such as stocks and cryptocurrencies.
