December 4, 2022

US 10-year Treasury yields rose to their highest level in more than a decade amid fears that a weaker yen will force Japan to intervene more in the foreign exchange market and possibly sell US government debt.

During trading on Wednesday, the yield on US 10-year bonds jumped 6 basis points to 4%, the first time since April 2010, and has risen about 250 basis points since the beginning of this year.

It comes after St. Louis Federal Reserve President James Bullard warned during an economic conference in London yesterday that the central bank must continue to raise interest rates to maintain its credibility.

Leave a Reply

Your email address will not be published.