US Benchmark Yield Hits Highest Since 2002
AI Summary
US Treasury yields retreated after the 10-year benchmark reached its highest level since 2002 amid a global bond selloff. The article describes a rebound in Treasuries following pressure that had spread through European markets.
US Treasuries rebounded from the global bond selloff that raced through European markets on Thursday, pulling 10-year yields back from a 24-year high. Bloomberg's Ira Jersey joins to discuss. (Source: Bloomberg)