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British bonds under pressure. Yields at their highest in years
The British debt market came under strong pressure after Manchester Mayor Andy Burnham gained the ability to run for a parliamentary seat. For investors, this is a signal that he could, in the future, open a path toward competing for the leadership of the Labour Party and, consequently, challenging Prime Minister Keir Starmer. The mere prospect of such a scenario was enough to trigger a nervous reaction in the bond market. The yield on 30-year UK government bonds rose by as much as 20 basis points to 5.86%, reaching its highest level since 1998. The yield on 10-year bonds, meanwhile, climbed to 5.18%, a level not ... (full story)
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The yield on the 10-year note finished May 15, 2026 at 4.59% while the 2-year note ended at 4.09%. This marks the highest level for each since February 2025. The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FFR) since 2007. chart This next ...
U.S. Treasurys spiked on Friday morning following a week of messy inflation data and as traders looked to price interest rate policy under new Federal Reserve Chair Kevin Warsh. The yield on the 30-year bond jumped 8.6 basis points to yield just under 5.1%, the highest since May 22, 2025, and nearing the highest since October 2023. The yield on the 10-year ...