A global bond selloff is driving US Treasury yields to unprecedented heights, with the 10-year yield reaching as high as 4.73%, just shy of the 5% peak seen in October 2023. The sell-off is fueled by concerns over inflation, politics, and growing government debt. The UK 10-year bond yield also surged to a 14-year high of 4.82%, exceeding its previous record in 2008.
Source: https://www.bloomberg.com/news/articles/2025-01-08/key-us-treasury-yields-approach-2023-peaks-with-5-in-sight