The yield on the US 10-year Treasury note has climbed to 4.80%, reaching its highest level since January 2025. This move represents a 20-basis-point increase from the lows recorded immediately following the most recent US Treasury announcement.
Market participants are currently disregarding Treasury guidance as the selloff in the bond market persists. The 10-year yield has maintained its upward trajectory over the last 24 hours, effectively erasing gains seen after the government's latest fiscal update.