Bond Selloff Pushes Long-Term U.S. Yields Higher as Oil Rises
publishers 9articles 9first reported 24 Sep, 18:30 UTCdeveloping since 24 Sep · 4 editions
Global bond markets sold off on Thursday, pushing the yield on 30-year U.S. Treasury bonds to its highest level since 2004, according to Reuters. The renewed pressure from rising yields coincided with gains in oil prices and declines in U.S. stocks.
The Dow Jones Industrial Average closed lower for a third consecutive session, Investopedia reported. AP News also reported a broader retreat in U.S. equities as the bond market continued to weigh on stocks.
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