The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.
- On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007.
- Additionally, the 30-year offering reached 5.05 percent, also a 16-year peak.
“Central banks are no longer buying bonds, they are selling them,” Neil Wilson, chief market analyst at Markets.com.