Treasury Yields Hit Highest Since 2007 Amid Bond Sell-Off
Global markets have seen a mixed bag of results in recent trading sessions. On Friday, world shares mostly advanced despite a global bond sell-off and drop in oil prices.
The bond market appeared to stabilize after another bond sell-off that brought U.S. Treasury yields to their highest in years. The yield on the U.S. 10-year Treasury reached its highest since 2007, easing slightly to around 5.17% early Friday.
Wall Street's benchmark S&P 500 was almost unchanged on Thursday, while the Dow Jones Industrial Average dropped 0.3%. Japan's Nikkei 225 gained 1.3%, and Britain's FTSE 100 climbed 0.5% to 10,733.65.
The sell-off in the bond market has added pressure to the stock market, as investors demand higher compensation under increasing risks and uncertainties, including growing inflationary pressure from the Iran war-driven energy shock and rising U.S. government debt.