Spiking bond yields are sowing panic on Wall Street. These 4 charts capture the chaos.

Thu, 10/05/2023 - 07:48

bond trader — Bond yields are spiking, with Wall Street betting that the Federal Reserve will hold interest rates at a higher level for longer in a bid to crush inflation.
Scott Olson/Getty Images

Bond prices are tanking, and that's worrying Wall Street.
10-year Treasury yields hit a 16-year high Wednesday and are hovering just below 5%.
These four charts capture the bond-market chaos of the past few weeks.

Bonds are cratering – and that's spooking Wall Street.

Ten-year US Treasury yields hit a 16-year high Wednesday, having been driven up for weeks by the assumption that the Federal Reserve will hold interest rates at their current level well into 2024 in a bid to kill off inflation for good.