U.S. Treasury yields rose to their highest level in more than two decades on Thursday as global bond selling deepened.
The benchmark 10-year Treasury yield surpassed a level last seen in April 2002, rising 4 basis points to 5.3338%, according to LSEG data.
The yield on the 30-year Treasury note jumped 3 basis points to 5.6702%, its highest level since July 2002.
Borrowing costs around the world have risen in recent months as investors express concerns over rising interest rates, government debt and fiscal spending plans.
This is breaking news and will be updated shortly.
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