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Government bond selloff widens as 10-year yield hits a 2007 peak

The 10-year Treasury yield is at its highest level since 2007 and continues rising alongside a strengthening oil price.

Reported · Written up by our desk · Government Bonds

The Wall Street Journal reports that the government bond selloff has broadened, with the 10-year Treasury yield reaching its highest level since 2007.

The yield is still moving higher, reflecting pressure across the Treasury market rather than a one-day spike.

The outlet links the ongoing rise in yields to a strengthening oil price, suggesting renewed inflation or rate expectations pressure from energy markets.

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