The sharp selloff in U.S. Treasuries may not be over yet, as investors continue to grapple with persistent inflation, uncertainty around interest rates, and shifting dynamics in the bond market, according to analysts cited by Reuters.
Benchmark U.S. Treasury yields surged on Tuesday, with the 10-year yield climbing to its highest level since January last year at 4.671%. Meanwhile, the 30-year Treasury yield rose above 5% for the first time since 2007, touching 5.178%, reflecting growing concerns that borrowing costs could remain elevated for longer.
