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US Treasury Yields Hit Highest Level Since 2002

US government bond yields surged to two-decade highs as markets brace for prolonged elevated interest rates.

The U.S. Treasury Building in Washington, D.C., 2015
The U.S. Treasury Building in Washington, D.C., 2015 · Photo: MeanieHyaena · CC BY 4.0 · Wikimedia Commons

US Treasury yields have reached their highest level since 2002, The New York Times and financial news website Pluang reported. The sharp increase recorded in trading brings yields to a new high of more than two decades.

According to the report by Pluang, the surge comes as the bond market braces for a prolonged period of higher interest rates in the United States. Further details regarding precise trading levels across different maturities have not yet been released.

Sources: Pluang, The New York Times

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