US bonds record largest wave of selling in 18 months
Rise in US bond yields due to inflation data and Federal Reserve statements.
Translated by Qiyas from الراي — Original source
Arabic - U.S. bonds recorded their largest weekly wave of selling in more than 18 months, as stronger-than-expected inflation data and hawkish comments from Federal Reserve officials dissipated investors’ bets that the losses hitting global bond markets were coming to an end.
The yield on the 10-year U.S. Treasury note jumped to 5.14%, after touching 5.17% during the session, marking its highest level in a month, as bonds continued their decline despite renewed pressure on technology stocks.
The benchmark 10-year yield rose by 28 basis points over the week, marking the largest weekly increase since the turmoil following the trade tariffs announced by U.S. President Donald Trump in April of last year.
Data showed that U.S. consumer prices rose by 0.4% in October, surpassing market expectations, thereby strengthening bets that the Federal Reserve would raise interest rates again before the end of the year.
