Here are the next key thresholds for investors to watch in the US bond market
NYSE Bond markets are under pressure, with yields rising globally this week. In the US, a 10-year Treasury yield above 5% would be the next level that could cause more volatility. Mohamed El-Erian said the fear is "interest rate risk turning into credit risk." September has been tumultuous for markets and it's only two days into the month. The bond market is the culprit behind the latest volatility, specifically a surge in global bond yields that's got investors on edge about what fixed income is saying about inflation and other macro concerns. The 10-year Treasury yield on Wednesday was fluttering around 4.8%, its highest level since 2023. That's somewhat tame compared to global yields, which surged on Tuesay to the highest since 1996 in the case of the 30-year Japanese government bond and the highest since 1998 for the UK 30-year bond. For now, investors are looking for clues about what's next. Treasury Secretary Scott Bessent said last month that the Treas...