Bond markets sell off on expectations of further US rate rises

Summarised from 5 outlets · 9 reports · Updated 24 Sept, 20:26 · Archive

Global bond markets are selling off sharply amid expectations the Federal Reserve will raise interest rates further.

Financial markets are pricing in a heightened likelihood of additional US interest rate increases this year, with a 55% probability of at least two quarter-point rises by December according to CME Fedwatch data. This expectation is driving a significant global bond sell-off, with the 10-year Treasury yield posting its largest single-day jump in recent months. Investor concerns centre on rising inflation potentially necessitating further monetary tightening by the Federal Reserve.

How it is being reported

• Surging Treasury yields pose a brand new problem for Kevin Warsh and the FedCNBC · 24 Sept, 22:40
• History shows financial calamities occur when rates rise rapidly like this: 'Something always breaks'CNBC · 24 Sept, 21:57
• US long-term borrowing costs touch highest level since 2004Financial Times · 24 Sept, 21:32
• 30-year Treasury yield hits highest level since 2004 as bond market rout continuesCNBC · 24 Sept, 21:25
• Why the bond market is freaking out, and what it means for your moneyCBS News · 24 Sept, 20:08
• Analysis: Higher Treasury yields deliver a reality check on a hot, inflation-prone economyCNBC · 24 Sept, 19:38
• Rising Treasury yields could push car loan rates higher, experts say. What buyers need to knowCNBC · 24 Sept, 18:45
• US bond yields soar most since Trump's tariff shock amid fears of Fed is set for another rate hikeThis is Money · 24 Sept, 07:40
• Global bond sell-off deepens amid fears US economy may be running too hot – business liveThe Guardian · 24 Sept, 07:22

In this story: Federal Reserve · CME Fedwatch · United States

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem