Treasury yields have climbed to generational highs, with the U.S. 10-year note at 5.283% and France's 10-year yield at 4.866%, stoking worry about another possible European debt crisis. U.S. equity indexes, including the S&P 500, still traded higher even as the bond selloff rattled investors.
Bond yields have surged to generational highs, and investors worldwide are watching for what the selloff could break next. The U.S. 10-year Treasury note traded at 5.283%. France's 10-year yield reached 4.866% in the same stretch.
France's jump over the past week raised alarms about another possible European debt crisis. The spillover also played a role in a brief burst of appetite for battered U.S. Treasury bonds as October began.
U.S. equity indexes, meanwhile, held higher. The S&P 500 traded at 7,722.72, up 0.73%. The Dow Jones Industrial Average rose 0.49% to 51,176.96, and the Nasdaq Composite climbed 1.19%.
The VIX, a gauge of expected volatility, fell 6.59% to 15.31 in the same session, a sign traders were not yet pricing in the kind of fallout the yield surge has raised fears about.
Source: MarketWatch (snippet-based)
Trading involves risk.
Risk Disclaimer
