Summary
- The U.S. 10-year Treasury yield rose to 5.14%, its highest level since 2007.
- The U.S. 30-year Treasury yield and 5-year Treasury yield also climbed to their highest levels since 2007, with the 5-year yield moving above 5%.
- Rising U.S. long-term Treasury yields are pushing bond prices lower and could raise discount rates for risk assets such as stocks and cryptocurrencies.
Forecast Trend Report by Period
U.S. 10-year and 30-year Treasury yields both climbed, reaching their highest levels since 2007.
Odaily reported on Sept. 23 that the 10-year Treasury yield rose 0.17 percentage point from the previous day to 5.14%. That was its highest level since 2007.
The 30-year Treasury yield also climbed as high as 5.435% during the session, setting a fresh high since 2007. The 5-year Treasury yield surged about 0.20 percentage point to 5.03% intraday, topping 5% for the first time since 2007.
Bond yields and prices move in opposite directions, so rising Treasury yields mean falling bond prices. Elevated long-term U.S. Treasury yields could also raise discount rates for risk assets such as stocks and cryptocurrencies.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul