Treasury yields near 16-year high as bond market shifts from low-rate era

 “It feels like we’re making a case for a real market break from the post-financial crisis period when rates were kept low for so long,”  

“People had felt that the 10-year was a buy any time the yield rose near 4 per cent but now that’s being challenged and they’re sitting on meaningful losses.”

Until this month, yields on 10-year notes had struggled to stay above 4 per cent — a level common before the 2008 financial crisis, but not since.

Financial Times 17 August 2023

https://www.ft.com/content/1b6e5631-ae66-462a-a6db-a44174ed76ac