WS #15184
The US 10-Year Treasury yield has surged past 5.3%, marking a multi-decade high that is triggering a synchronized sell-off in global bonds. The stress is spreading to Europe, where Italian 10-year yields have climbed to 4.72% and French credit default swaps have widened to levels not seen since 2013. With S&P Global indicating that ECB rate cuts are delayed until 2028, European markets are facing a double whammy of rising financing costs and stagnant growth, leading to broad declines in the DAX and FTSE.
Global Bond Rout and Yield Spike
The US 10-Year Treasury yield has surged past 5.3%, marking a multi-decade high that is triggering a synchronized sell-off in global bonds. The stress is spreading to Europe, where Italian 10-year yields have climbed to 4.72% and French credit default swaps have widened to levels not seen since 2013. With S&P Global indicating that ECB rate cuts are delayed until 2028, European markets are facing a double whammy of rising financing costs and stagnant growth, leading to broad declines in the DAX and FTSE.