US bond yields hit 2007 high triggering market sell-off | The Business | ABC NEWS

By ABC News (Australia)

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Inflation concerns intensified after a measure of US business activity jumped, the price of Brent Crude rose and there was a luke warm reception to a five-year US bond auction. The global benchmark US 10-year treasury yield jumped to 5.11%, its highest level since 2007, in what was its biggest one day move since Donald Trump's 'Liberation Day' tariff announcement. Bond yields rose across the globe and Australia wasn't spared. Kyle Rodda from Capital.com says investors need to get use to volatility, given the geopolitical, interest rate uncertainty and government spending, which is "unlikely to disappear any time soon." Alicia Barry asked Kyle Rodda if this sell-off in bonds indicates investors have lost confidence in the Trump Administration's economic management. Kyle Rodda said that's only part of the reason. "There's a few ways you can slice this. There's the country risk in the United States at the moment, and I think there is certainly signs that investors are shying away fro

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