US 10-Year Yields Climb to Highest Since 2025 as Rout Deepens

A deepening global bond selloff has pushed US benchmark yields to their highest levels since early 2025. This rout is driven by thin August trading, investor concerns over inflation, and a surge in corporate debt supply. Long-dated bond yields are reaching multidecade highs, which tightens global financial conditions. Consequently, this trend is impacting borrowing costs, equity valuations, and capital allocation, creating significant challenges for growth as the selloff continues to intensify across international markets.