10-Year Treasury Yield Surges Above 5.20% as Bond Market Faces Pressure

The post 10-Year Treasury Yield Surges Above 5.20% as Bond Market Faces Pressure appeared first on Coinpedia Fintech News

The 10-year Treasury yield has climbed above 5.20%, its highest level in 19 years, rising nearly 30 basis points in two days. The move comes as September’s flash PMI reached a five-year high, inflation pressures increased and markets priced in a more hawkish Fed. Oil remains near $100, while heavy government borrowing is adding pressure …