The 10-year Treasury yield has climbed to 4.74%, intensifying pressure on investors and markets, with analysts noting that a 5% level would spell bad news for stocks. Jared Blikre, Yahoo Finance's Market and Data Editor, highlighted that the 10-year yield is tied to mortgages, while the 30-year shows signs of market unhinging. Globally, yields are rising, with Japan's 10-year reaching 3%, its highest since 1996. Treasury Secretary Scott Bessent has pushed to enlarge a pandemic-era program allowing Japan to exchange Treasuries for cash, avoiding a dump of US bonds. Japan has been net selling about $70 billion in Treasuries over the past six months, mostly T-bills, which are easier for the market to absorb and less likely to push long-term yields up. Bessent is preparing for a future of skyrocketing debts, indicating this trend will persist.
Japan's 10-year yield reaches 3%, highest since 1996, indicating rising rates.
10-year Treasury yield climbs to 4.74%, with analysts warning of further increases.
