- The U.S. 10-year Treasury yield rose 3 basis points to 4.7880%, its highest level in 20 months.
- Japan's 10-year yield reached 3% for the first time since 1996, while the 2-year yield touched a 31-year high of 1.81%.
- The U.K. 10-year Gilt yield climbed to 5.2341%, its highest level since June 2008, and the 30-year yield reached 5.8856%, the highest since March 1998.
- Germany's 10-year Bund yield reached a 52-week high of 3.3546% as renewed hostilities around the Strait of Hormuz lifted crude prices and inflation concerns.
Quotes
“I think 'best performing', as Bessent said, isn't the same as well performing. Everybody has a deficit problem — I don't think there's any reason to cheer.”
“the best performing market”