Bond yields surge
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Elevated Treasury yields will complicate both Federal Reserve policy and Treasury financing.
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Long-dated US borrowing costs climbed to their ​highest level in more ‌than 20 years on Thursday as the months-long selloff in ​bond markets gathered pace.
The 30-year Treasury bond yield hit a 2004 peak of around 5.44% today.
It's amazing what a couple of "flash" economic data points about the manufacturing and services sectors can do to the $31.5 trillion Treasury market. The yield on the benchmark 10-year Treasury note has continued to climb and is now 13.
6hon MSN
Rising Treasury yields could push car loan rates higher, experts say. What buyers need to know
Bond yields have spiked due to expectations of persistent inflation and further interest rate hikes from the Federal Reserve, which may impact auto loan rates.
Surging Treasury yields just gave fuel cell investors a painful reminder that clean energy ambitions come with a price tag, and not every company in the sector is equally equipped to handle it.