U.S. 10-YEAR YIELD HITS 24-YEAR HIGH

The 10-year Treasury yield surged to 5.304%, surpassing its 2007 peak and reaching the highest level since May 2002.

Persistent energy-driven inflation concerns and stronger U.S. economic data are fueling the bond selloff.

Analysts also point to rising government debt and historic AI infrastructure investment as structural forces keeping borrowing costs elevated.
(@WalterBloomberg)