Emese Bartha
Verified- Government Bond Reporter, The Wall Street Journal
- Government Bond Reporter, Dow Jones Newswires
Frankfurt am Main
Government bond reporter at Dow Jones Newswires/The Wall Street Journal; Covering European bond auctions, syndications. Often other, non-bond stuff, too.
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Global bond yields turn lower
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Global bond yields turn lower
The global bond selloff took a breather Thursday and borrowing costs fell to just below multidecade highs, amid bets that U.S. interest rates may not rise as fast as previously thought. The 10-year Treasury yield slipped to 5.213% after reaching a 24-year high of 5.338% overnight. The two-year yield declined to 4.765% from 4.856%. Fresh data indicated that the economy remains hot but isn't accelerating too much. That looked enough to trigger bond buying in a market that might have been oversold.
US Treasurys stabilize near multiyear highs, European bond yields turn lower
Yields on U.S. Treasurys turned slightly lower in European midday trade but continued to hover near 24-year highs, while European government bond yields followed suit as investors took a breather in the bond market rout. U.S. Treasury yields have been swinging between relief and fresh highs since Wednesday's lower-than-expected U.S. PCE inflation data for August and an upward revision to second-quarter GDP data that underpinned the resilience of the U.S. economy.
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