Ten-year Treasury yield flirts with 5% ahead of Powell comments

Jamie Chisholm is a markets reporter based in London.

Bond yields rose again early Thursday, with benchmarks hitting fresh 16-year highs, as traders awaited comments from Federal Reserve Chair Jerome Powell.

Meanwhile, there are also concerns that some important buyers of Washington’s IOU’s are withdrawing their favor. “The 5% watch for the U.S. 10-year intensifies… the context of further indications of notably weaker foreign demand as well as faltering domestic institutional buying,” added Mohamed El-Erian, adviser to Allianz, in a message on X.

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