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Global bond selloff deepens, pushing Europe lower as yields rise
U.S. Treasury yields are edging higher, with the 10-year yield on track for a three-year high, according to WSJ Markets.
U.S. Treasury yields moved higher as a global bond selloff intensified, according to WSJ Markets.
The WSJ reports that the 10-year Treasury yield was heading toward its highest level in three years.
The market pressure was felt most sharply in Europe, where the selloff weighed on European trading, the outlet said.
Overall, the continued rise in yields signals renewed stress across global bond markets, with Europe taking the biggest hit.