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Global bond sell-off and surging yields
A global bond sell-off sent the US 10-year yield to its highest since 2002 and UK gilt yields to their highest since 1998; mortgage rates topped 7%. Pimco's Dan Ivascyn warns the 10-year could reach 6%, and the dollar is at a 17-month high. Treasury Secretary Bessent will skip the IMF-World Bank meetings in Bangkok as yields hit near 25-year highs.
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- 1 Oct
ReutersFri 9 Oct · 08:15 UTC
US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT The benchmark 10-year…
Developments
Saturday 10 October
1 development01:37 UTC· the latest
Bessent to skip IMF-World Bank meetings as yields surge
US Treasury Secretary Scott Bessent will not attend the IMF-World Bank meetings in Bangkok. His absence comes as benchmark Treasury yields are at their highest in nearly 25 years.
1 sourceThe Japan Times
The Japan TimesRSSSat 10 Oct, 01:37
U.S. Treasury chief Scott Bessent to skip IMF-World Bank meetings in Bangkok Bessent's absence comes at a critical moment when benchmark Treasury yields have surged to their highest levels in nearly 25 years.
The original post
Friday 9 October
1 development08:15 UTC
Pimco's Ivascyn warns 10-year yield could hit 6%
Pimco CIO Dan Ivascyn told the FT the benchmark US 10-year yield could reach 6% for the first time since 2000 as high oil prices fuel inflation and debt concerns grow.
1 sourceReuters
ReutersBlueskyFri 9 Oct, 08:15
US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT The benchmark 10-year US Treasury yield could rise to 6% for the first time since 2000 as high oil prices fuel inflation concerns and worries over the country's growing public debt,
The original post
Thursday 8 October
5 developments20:45 UTC
US Treasury yields rise for second day
Treasuries weakened as rising oil fuelled inflation worries, with investors watching a 30-year bond auction for clues on demand for long-term debt.
1 sourceReuters
ReutersBlueskyThu 8 Oct, 20:45
US bonds fall, lifting yields for 2nd day, as oil weighs, 30-year auction looms US Treasuries weakened on Thursday, pushing yields higher for a second consecutive session, as rising oil prices fueled inflation concerns and investors eyed a 30-year bond auction for fresh clues
The original post
18:15 UTC
US mortgage rates rise for seventh straight week
US mortgage rates increased for a seventh consecutive week, the first such run in three years, adding pressure to a weak housing market.
1 sourceBloomberg
BloombergXThu 8 Oct, 18:15
US mortgage rates increased for seven straight weeks for the first time in three years, adding pressure to an already weak housing market
The original post
10:30 UTC
Long-term US borrowing costs return to 24-year highs
Reuters reported long-term US borrowing costs are back at 24-year highs as the bond crunch continues, with Wall Street wincing at the squeeze.
2 sourcesReuters
ReutersXThu 8 Oct, 10:30
🔊 Long-term US borrowing costs are back at 24-year highs as the bond crunch continues. We unpack the pressure on the Treasury market on today’s episode of the Reuters Morning Bid podcast
The original postReutersXThu 8 Oct, 10:45
COMMENTARY: Morning Bid: Wall Street winces at bond squeeze
The original post
10:00 UTC
European bank shares fall to three-month low
European shares slipped as banks hit a more than three-month low, with a fresh bond sell-off and high oil prices stoking inflation fears.
1 sourceReuters
ReutersBlueskyThu 8 Oct, 10:00
European shares slip as banks drop to 3-month low, oil prices weigh European shares fell on Thursday as banks slid to a more than three-month low, while a fresh bond selloff and elevated oil prices stoked fears that higher inflation could hurt economic growth.
The original post
00:00 UTC
Long-dated Treasury yields resume climb as Wall Street falls
Wall Street closed lower on Wednesday as long-dated US Treasury yields resumed their climb after the earlier auction relief.
1 sourceReuters
ReutersXThu 8 Oct, 00:00
Wall Street closed lower on Wednesday, as long-dated US Treasury yields resumed their climb
The original post
Wednesday 7 October
2 developments18:35 UTC
Strong 10-year auction lifts Treasuries from multi-decade lows
Treasuries rose after a strong auction of 10-year notes signalled emerging investor demand as yields sat at multi-decade highs.
1 sourceBloomberg
BloombergXWed 7 Oct, 18:35
US Treasuries rose after a strong auction of 10-year notes signaled emerging investor demand as yields rise to multi-decade highs.
The original post
17:05 UTC
US mortgage rates hit highest level in three years
Rising borrowing costs pushed mortgage applications to their lowest level since February 2025.
1 sourceAl Jazeera
Al JazeeraRSSWed 7 Oct, 17:05
US mortgage rates hit their highest level in three years Rising borrowing costs have pushed mortgage applications to their lowest level since February 2025.
The original post
Tuesday 6 October
3 developments10:45 UTC
Treasury yields retreat from highest since 2002
Bond yields fell as oil dropped below $100 a barrel and Treasury Secretary Scott Bessent insisted the government's debt load can be tamed.
1 sourceBloomberg
BloombergXTue 6 Oct, 10:45
US bond yields fell from their highest levels since 2002 as oil prices retreated below $100 a barrel and Treasury Secretary Scott Bessent insisted the government’s debt load can be tamed
The original post
06:20 UTC
Asian shares rise as Treasury yields stay near multi-decade highs
Asian shares tracked Wall Street higher while US Treasury yields remained near multi-decade highs.
1 sourceReuters
ReutersXTue 6 Oct, 06:20
Asian shares track Wall Street higher; Treasury yields near multi-decade highs
The original post
04:00 UTC
Dalio warns Treasuries vulnerable to China, Japan pullback
Ray Dalio told Bloomberg the US Treasury market is exposed to reduced demand from China and Japan, two of the largest foreign creditors.
2 sourcesBloomberg
BloombergXTue 6 Oct, 04:00
Billionaire Ray Dalio warned that the US Treasury market is vulnerable to a pullback of demand from China and Japan, highlighting a potential pain point for a market that has endured wild swings this year.
The original postBloombergXTue 6 Oct, 06:07
Billionaire Ray Dalio warned that Treasuries are vulnerable to a pullback of demand from China and Japan, two of the US’s largest foreign creditors. It highlights a potential pain point for a market that has endured wild swings this year. More from @haslindatv's exclusive interv
The original post
Monday 5 October
1 development18:55 UTC
Treasury selloff pushes long yields to multi-decade highs
Longer-dated yields reached new multi-decade peaks as bonds extended a monthslong slide. BMO's Earl Davis called a 30-year yield above 6% 'inevitable' this month, and some muni borrowers are delaying refinancings.
6 sourcesBloomberg, Reuters
BloombergXMon 5 Oct, 16:15
BMO Global Asset Management’s Earl Davis said he sees the 30-year US Treasury yield crossing 6% as “inevitable” — and likely within October — as bond-market volatility creates a cycle driving rates higher
The original postReutersXMon 5 Oct, 16:40
What will Washington do next if US bond yields keep rising?
The original postBloombergXMon 5 Oct, 17:05
As US 30-year securities head ever closer toward 6%, the move threatens a shakeup in futures, which are widely used by investors to hedge government bond positions
The original postBloombergXMon 5 Oct, 17:15
The Treasury selloff that sent yields to multi-decade highs reflects stronger US growth and competition for capital rather than rising inflation concerns, according to Citadel
The original postBloombergXMon 5 Oct, 18:45
Several muni borrowers looking to refinance outstanding bonds are delaying deals due to yields near record highs
The original postBloombergXMon 5 Oct, 18:55
Treasuries came under renewed pressure Monday, pushing longer-dated yields to fresh multi-decade peaks as bonds extended their monthslong slide.
The original post
Friday 2 October
2 developments06:00 UTC
Asian shares fall as bond rout rolls on
Hong Kong led losses in Asia and Indian stocks tumbled as surging US yields weighed, with traders braced for US jobs data.
3 sourcesBloomberg, Reuters
BloombergXFri 2 Oct, 06:00
Indian stocks tumble as a global bond rout gathers momentum and oil prices remain high, deepening concerns over the outlook for the crude-importing nation.
The original postBloombergXFri 2 Oct, 06:30
Hong Kong’s stock benchmark led losses in Asia as trading resumed after a holiday, pressured by a surge in US yields and disappointment over China’s latest stimulus measures
The original postReutersXFri 2 Oct, 07:35
Asian shares fall after wild swings in bonds, FX; US jobs data looms
The original post
05:20 UTC
Dollar hits 17-month high as French fiscal worries hit euro
The dollar rose to a 17-month high as the bond rout and France's worsening fiscal crisis weighed on the euro. Sumitomo Mitsui DS AM sold all its French government bonds.
3 sourcesBloomberg, Reuters
BloombergXFri 2 Oct, 05:20
Sumitomo Mitsui DS AM sold its entire holdings of French government bonds amid concerns about the nation’s fiscal situation, shifting funds to German bunds and short-term Japanese government bonds
The original postBloombergXFri 2 Oct, 06:15
France's fiscal crisis is worsening, and bonds, stocks and the euro are taking a hit.
The original postReutersXFri 2 Oct, 06:35
Dollar at 17-month high as bond rout, French fiscal worries weigh on euro
The original post
Thursday 1 October
8 developments23:05 UTC
Euro-area bond risk premium jumps on French concerns
The risk premium on euro-area government bonds shot up, a sign that concerns over France's fiscal and political situation are spilling into other markets.
1 sourceBloomberg
BloombergXThu 1 Oct, 23:05
The risk premium in euro-area government bonds shoot up, a sign that concerns around France’s fiscal and political situation are starting to spill over into other markets
The original post
21:45 UTC
MBRF Global Foods delays junk bond offering amid sell-off
MBRF Global Foods held off on a potential junk-debt offering as the global bond sell-off sent borrowing costs soaring.
1 sourceBloomberg
BloombergXThu 1 Oct, 21:45
MBRF Global Foods has decided to hold off on a potential junk-debt offering as a global bond selloff has sent borrowing costs soaring
The original post
20:05 UTC
US mortgage rates top 7%, biggest weekly jump in four years
US mortgage rates rose to their highest since November 2023, crossing 7% for the first time in almost two years, with the largest weekly jump in four years.
3 sourcesBloomberg, Reuters
BloombergXThu 1 Oct, 20:05
Mortgage rates in September crossed 7% for the first time in almost two years and have only continued to climb higher, threatening to further strain an already weak housing market. here's what to know
The original postBloombergXThu 1 Oct, 20:35
Mortgage rates surged to the highest level since November 2023, further straining a US housing market already hampered by high borrowing costs
The original postReutersXThu 1 Oct, 21:20
US mortgage rates jump by most in 4 years in latest week
The original post
20:00 UTC
Treasuries rebound and US stocks close higher after bond rout
US stocks recovered from early losses to close slightly higher, with the S&P 500 bouncing from a two-week low as the global bond sell-off reversed after sending Treasury yields to multi-decade highs.
New YorkUS
2 sourcesReuters, Bloomberg
ReutersXFri 2 Oct, 00:00
US stocks recovered from early losses to close slightly higher, with the S&P 500 bouncing from a two-week low as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs. Lisa Bernhard reports
The original postBloombergXFri 2 Oct, 00:40
US Treasuries rebounded from a bruising global bond selloff: Evening Briefing Americas
The original post
19:15 UTC
US bank index hits lowest since May on Treasury yields
The KBW Bank Index fell as much as 2.4% as relentlessly climbing yields raised concern for the economy and banks' businesses.
New YorkUS
1 sourceBloomberg
BloombergXThu 1 Oct, 19:15
The benchmark KBW Bank Index shed as much as 2.4% to the lowest intraday since late May in Thursday trading, as investors assessed the impact to the economy and banks’ businesses from relentlessly climbing Treasury yields.
The original post
17:50 UTC
UK banks tumble as gilt yields hit highest since 1998
Budget jitters added to the sell-off in UK government bonds.
LondonGB
1 sourceReuters
ReutersXThu 1 Oct, 17:50
UK banks tumble as gilt yields hit highest since 1998, budget jitters mount
The original post
08:50 UTC
US 10-year Treasury yield hits highest since 2002
The benchmark yield climbed to its highest since 2002 after Treasuries posted their worst quarter since 1994.
3 sourcesReuters, Bloomberg
ReutersXThu 1 Oct, 08:50
Bonds teeter after US Treasuries' worst quarter since 1994
The original postBloombergXThu 1 Oct, 09:15
The US benchmark yield climbs to the highest since 2002
The original postReutersXThu 1 Oct, 10:50
10 year US Treasury yield hits highest since 2002
The original post
08:27 UTC
UK 30-year borrowing costs pass 6%, highest since 1998
UK long-term yields hit a 28-year high as the global bond sell-off intensified on inflation worries and fears over US deficits.
LondonGB
2 sourcesThe Guardian · World, Bloomberg
The Guardian · WorldRSSThu 1 Oct, 08:27
Global bond sell-off intensifies, as UK long-term borrowing costs pass 6% Fears that US borrowing costs are unsustainable drive Britain’s 30-year bond yield to level not seen since 1998Business live – latest updatesThe turmoil in global bond markets intensified on Thursday amid
The original postBloombergXThu 1 Oct, 11:00
The UK’s long-term borrowing costs reached 6% for the first time in almost three decades, as concerns about persistently elevated inflation and a challenging budgetary position continued to mount
The original post
What it looked like.
Fri 9 Oct · 08:15 · Reuters
US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT The benchmark 10-year…
Pimco's Ivascyn warns 10-year yield could hit 6%Thu 8 Oct · 20:45 · Reuters
US bonds fall, lifting yields for 2nd day, as oil weighs, 30-year auction looms US Treasuries weakened on Thursday,…
US Treasury yields rise for second dayThu 8 Oct · 10:00 · Reuters
European shares slip as banks drop to 3-month low, oil prices weigh European shares fell on Thursday as banks slid to…
European bank shares fall to three-month low