WS #14690
The US 30-Year Treasury yield has surged to 5.44%, the highest level since 2004, signaling a structural repricing of long-term interest rates. This spike is causing immediate contagion across global markets, with the Indian Sensex falling over 600 points and European indices like the FTSE Mib and DAX posting losses. The market is interpreting this yield move as a rejection of imminent Fed rate cuts, forcing a liquidation of duration-sensitive assets and growth equities worldwide.
US Bond Yield Spike and Global Equity Selloff
The US 30-Year Treasury yield has surged to 5.44%, the highest level since 2004, signaling a structural repricing of long-term interest rates. This spike is causing immediate contagion across global markets, with the Indian Sensex falling over 600 points and European indices like the FTSE Mib and DAX posting losses. The market is interpreting this yield move as a rejection of imminent Fed rate cuts, forcing a liquidation of duration-sensitive assets and growth equities worldwide.