Bond Yields Slip After Surging to Highest in Decades
Global bond yields steadied after a recent selloff, with the 10-year Treasury yield slipping to 5.17%. The decline followed a period of surging yields as the oil rally lost momentum.
Bonds steadied after a selloff that drove global yields to the highest in decades as the oil rally lost steam. The 10-year Treasury yield slipped three basis points to 5.17%, paring a two-day surge of more than 20 basis points. Bloomberg's Alice Gledhill reports. (Source: Bloomberg)
READ NEXT
More on the wire
AI TLDR
A search is underway for a swimmer who disappeared off Fire Island during a nor'easter that brought 18-foot waves to the area.
AI TLDR
President Trump rejected an Iranian proposal to reopen the Strait of Hormuz. The plan was similar to a previous memorandum of understanding between the two nations.
AI TLDR
A 76-year-old Florida man with a suspended license was arrested after allegedly admitting to driving under the influence of rum and cocaine.