- Bonds steadied after a selloff that pushed global yields to the highest in decades, with the oil rally losing steam as the trigger for the retreat.
- The 10-year Treasury yield fell three basis points to 5.17%, paring a two-day surge of more than 20 basis points.
- The move is framed as a global yield story, with the Treasury leg the visible marker of a multi-decade high in sovereign yields.
Quotes
“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.”