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U.S. 10-year Treasury yield breaks above 4.8%, highest since November 2023 Image: ๋กœ์ดํ„ฐ ์—ฐํ•ฉ๋‰ด์Šค
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

U.S. 10-year Treasury yield breaks above 4.8%, highest since November 2023

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Ongoing story
  • The 10-year U.S. Treasury yield rose as high as 4.821%, its highest level since November 2023, according to The Wall Street Journal.
  • Rising oil prices linked to U.S.-Iran military clashes and concerns over the U.S. fiscal deficit have increased pressure on government bonds.

The yield on the 10-year U.S. Treasury note climbed to 4.821% during trading, its highest level since November 2023, according to The Wall Street Journal.

The rise followed a surge in international oil prices caused by military clashes between the United States and Iran. Higher energy costs have renewed concerns about inflation.

Pressure from the U.S. fiscal deficit has added to the bond sell-off. The move has spread beyond the United States to major economies, according to the report.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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