3 stories on bond yields from MarketRadar.
The US Treasury's $22 billion 30-year bond auction cleared at a 5.618% yield with 2.54x bid coverage, as foreign buyers took 72.3% of the sale and yields pulled back from 24-year highs.
The euro slid to 1.1182 as the 10-year Treasury yield hit 5.32%, its highest in over two decades, while Fed minutes pointed to another hike this year and European bonds joined the selloff.
The Stoxx Europe 600 fell 1.1% this week — its fourth loss in five — as the US 10-year Treasury yield reached a two-decade high and European government borrowing costs jumped to multi-year peaks.
