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10-year Treasury yield climbs above 5.3% to a level not seen in 24 years

122 points · 193 comments · kaycebasques

  1. spwa4 · · focus · HN ↗
    Strange that this is happening globally. I get that this is a US site, but this does not seem to be a US story at all. EU yields are up to 3.5% (not far behind US), and the same goes for individual countries (France 4.8%, Netherlands 3.6%, Spain 3.6%, Austria 3.8%, Germany 3.6%, Japan 3.1%, ..., all up from zero to negative 3 years ago, Poland 6.4%, Czechnya 5.3%, Hungary 5.8%, Australia 5.5%, ... all up from 0.5-2% 3 years ago). The same pattern is all over the place.

    There's some details, like Hungary actually being down to 5.8%, presumably through more trust in the current government vs the last. But the pattern vs 3 years ago is one of constant rise.

    And there are exceptions, India, for example, is showing a different pattern. China does not make sense (but I'm sure that's just by design). Russia, but I have a guess for that one. Ukraine ...

    Almost like bond investors are expecting something dramatic to happen soon, with odds rising fast, at least across US and EU, including individual countries. At the very least, investors are expecting an economic disaster for the next 10 years (at least compared to the last 10 years)

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