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Treasury selloff cools while global bond pressure persists
The U.S. 10-year yield briefly touched its highest level since 2023, while stocks rose alongside the pause in selling.
The Wall Street Journal reports that the U.S. Treasury selloff showed signs of pausing after the U.S. 10-year yield touched its highest level since 2023 overnight.
Even with the calmer tone in U.S. Treasuries, the report said global bonds were still under pressure.
In the same session, stocks moved higher as the Treasury selling eased.
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