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[BUSINESS] · United States, Japan, Germany, Greece, France · 207 sources (showing 100)

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US Treasury yields hit multi-decade highs amid inflation fears

US Treasury bond yields have surged to multi-decade highs, driven by strong economic activity and persistent inflation concerns. The 10-year Treasury yield reached levels not seen since 2007, while the 30-year yield hit its highest point since 2004. This spike in borrowing costs follows robust S&P Global PMI data, which suggests the US economy remains resilient despite high interest rates.

Federal Reserve officials, including Michael Barr and John Williams, have signaled that further policy adjustments may be necessary to bring inflation toward the 2% target. Market participants are increasingly pricing in the possibility of additional rate hikes. This environment has also impacted the housing market, with the average 30-year mortgage rate climbing to 7.37%, its highest level since May 2024.

The rise in US yields is exerting pressure on global markets, including European and Japanese bond markets, and increasing the cost of debt for emerging economies. Additionally, the surge in yields has contributed to volatility in equity markets, with major Wall Street indexes experiencing significant pullbacks.

Entities

Donald Trump · Dow Jones Industrial Average · Federal Reserve · Harris Financial Group · Iran · John Williams · Michael Barr · Mortgage Bankers Association · Nasdaq · S&P 500 · S&P Global · U.S. Department of the Treasury

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] The Federal Reserve raised its benchmark interest rate by a quarter percentage point. srnnews.com
  • [● 2 SOURCES] The share of adjustable-rate mortgage (ARM) applications reached 9.8%. srnnews.com
  • [● 2 SOURCES] Total mortgage application volume declined nearly 2 percent for the week ending September 18. srnnews.com
  • [● 10 SOURCES] S&P Global's flash composite Purchasing Managers' Index (PMI) rose to 58.4 in September. coinpaper.com
  • [● 8 SOURCES] The benchmark 10-year Treasury yield climbed above 5 percent, reaching 5.12%. coinpaper.com
  • [● 2 SOURCES] The average 30-year fixed-rate mortgage interest rate rose to 7.12 percent. srnnews.com
  • [○ 1 SOURCE] The 5-year US Treasury yield exceeded 5% for the first time since 2007.
  • [● 2 SOURCES] The US Treasury Department announced plans to purchase up to $6 billion in long-term public debt.
  • [● 2 SOURCES] A $70 billion five-year Treasury auction yielded 5.033%, the highest since 2006.
  • [● 13 SOURCES] The 10-year US Treasury yield reached 5.12%, the highest level since July 2007. coinpaper.com
  • [● 2 SOURCES] The 30-year Treasury yield reached approximately 5.4%, a level not seen since April 2002.
  • [○ 1 SOURCE] The S&P Global preliminary manufacturing index for September showed the fastest expansion since July 2021.

Sources

US stocks slide on worries about inflation [www.ironmountaindailynews.com]