Bond Yields Slip After Surging to Highest in Decades

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Bond yields retreated slightly after a recent surge to multi-decade highs, influenced by a waning oil price rally. The 10-year U.S. Treasury yield eased down to 5.17% after a sharp two-day increase, highlighting volatility in global bond markets.

Bonds steadied after a selloff that drove global yields to the highest in decades as the oil rally lost steam. The 10-year Treasury yield slipped three basis points to 5.17%, paring a two-day surge of more than 20 basis points. Bloomberg's Alice Gledhill reports. (Source: Bloomberg)