US 10-Year Yield Hits 24-Year High as Crude Surpasses $100
The US 10-year Treasury yield surged to a multi-decade high while crude oil topped $100 a barrel, exerting fresh pressure across global financial markets.
The global bond sell-off deepened as the yield on the US 10-year Treasury note climbed to a 24-year peak, Kitco and the International Business Times reported.
Simultaneously, Brent crude climbed back above $100 a barrel, intensifying pressure across international markets, according to reports by BNN Bloomberg and Business Standard. Amid the moves, the Indian rupee and local sovereign bonds faced selling pressure, while US index futures traded mixed, despite pre-market gains in technology shares including Alphabet and Micron.
Sources: Business Standard, FXEmpire, International Business Times, Kitco, BNN Bloomberg
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