WS #15190
The US bond market is experiencing a severe selloff, with the 10-Year yield reaching its highest level since 2002. This surge in borrowing costs is directly pressuring the Dow Jones and causing broad-based declines in bond ETFs like LQD and IUSB. The market is pricing in persistent inflation and a hawkish Fed stance, which creates a headwind for rate-sensitive sectors like real estate and high-multiple tech.
Bond Selloff and Yield Spike
The US bond market is experiencing a severe selloff, with the 10-Year yield reaching its highest level since 2002. This surge in borrowing costs is directly pressuring the Dow Jones and causing broad-based declines in bond ETFs like LQD and IUSB. The market is pricing in persistent inflation and a hawkish Fed stance, which creates a headwind for rate-sensitive sectors like real estate and high-multiple tech.