Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

10-year Treasury yield at 2002 high as oil reignites bond selloff

Bloomberg ·
MU
  • The US 10-year yield hit its highest level since 2002 as rising oil prices fueled a renewed selloff in global bonds.
  • US equity futures drew support from chipmakers after Micron issued an upbeat forecast driven by the AI building frenzy, though the company warned rising compensation would weigh on profit margins.
  • US companies announced the fewest job cuts for any September since 2022, a labor-market datapoint landing alongside the bond rout.
  • Partners Group's Anastasia Amoroso joined Bloomberg Brief to discuss the bond selloff and the biggest risks to the economy.

Quotes

“The US 10-year yield hits its highest level since 2002 as rising oil prices fuel a renewed selloff in global bonds.”— Bloomberg
“The results were driven by the AI building frenzy, but warned that rising compensation would weigh on profit margins.”— Bloomberg

Sources