🇺🇸💸 US government debt market crisis deepens as bond yields reach a 19-year high, Bloomberg reports ▪️Losses deepened in the US Treasury market on Wednesday. Yields across most maturities reached their highest levels since 2007, Bloomberg reports. ▪️The yield on five-year US Treasuries exceeded 5% for the first time since 2007. The 10-year yield jumped to 5.13%, its highest since 2007. The 30-year yield also reached a 19-year high of 5.4%. ▪️The situation worsened amid rising oil prices, which are fueling inflation and forcing the Federal Reserve to raise its benchmark interest rate. This is a rout. The sell-off began in overseas bond markets, but as we break through key levels, it is becoming increasingly unrestrained. Said Société Générale’s Subadra Rajappa. #info #USA #economy
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