US 10-year bond yields spike to five per cent for first time in 16 years
Автор: Sky News Australia
Загружено: 2023-10-24
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The United States 10-year bond yields hit five per cent for the first time in 16 years.
According to Sky News Business Editor Ross Greenwood, “as alarm bells go, that one is pretty loud”.
“It gives you a few hints; one, the Federal Reserve is likely to keep interest rates higher for longer than expected,” he said.
“Number two, the risk of a US recession – therefore a global recession is now higher.
“And three, the chance of a big washout on stock markets now is greater in the eyes of investments.”
Mr Greenwood said despite the spike, it promptly reversed and headed back down to around 4.8 per cent.
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