Treasuries Slump Ignites Global Selloff as Rate Hikes Gain Focus

Treasuries Slump Ignites Global Selloff as Rate Hikes Gain Focus

(Bloomberg) — U.S. Treasury yields’ advance to a three-year high kicked off a global jump in borrowing costs as traders refocused on intensifying bets on rate hikes from major central banks.

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Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation. Traders are betting on nine quarter-point Fed rate hikes by year-end, which — including last…


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