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The 10-year U.S. Treasury yield rose to 4.867% and the 10-year German Bund yield hit 3.451%, its highest level since 2011
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Global government bond yields rose to fresh multiyear highs on Thursday as investors positioned ahead of the European Central Bank's expected quarter-point rate increase and the U.S. Treasury's first bond buyback auction conducted at a higher volume, according to The Wall Street Journal.
Tradeweb data cited by The Wall Street Journal showed the 10-year U.S. Treasury yield climbing to 4.867%, nearly a three-year peak, while Germany's 10-year Bund yield advanced to 3.451%, a level not seen since 2011. The 10-year U.K. gilt also advanced, touching 5.295% for the first time in nearly two decades.
