U.S. 10-year Treasury yields spiked to 4.5% on Friday, ending the week with their largest gain in three years, according to Benzinga. The jump comes despite a softer-than-expected inflation report for the second straight month, as investors refocused on rising macroeconomic risks. Hedge fund unwindings and heavy foreign selling intensified the pressure. The bond market turbulence has weakened Treasuries’ role as a haven, driving a rally in gold. Goldman Sachs’ Peter Oppenheimer warned that yields nearing 5% could hurt equities more sharply.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. 10-year Treasury yields spiked to 4.5% on Friday,
00:06ending the week with their largest gain in three years, according to Benzinga.
00:09The jump comes despite a softer-than-expected inflation report for the second straight month.
00:13As investors remain refocused on rising macroeconomic risks,
00:16hedge fund unwindings, and heavy foreign selling intensified the pressure.
00:20The bond market turbulence has weakened Treasury's role as a haven, driving a rally in gold.
00:25Goldman Sachs' Peter Oppenheimer were the yields nearing 5%.
00:29Could earn equities more sharply.
00:31For all things money, visit Benzinga.com slash GSTV.