Key facts
- Benchmark 10-year US Treasury yields reached their highest level since 2007.
- Global stocks fell as US Treasury yields hit multi-decade highs.
- Japan's 10-year government bond yield climbed above 3% to a 30-year high of 3.025%.
Benchmark 10-year US Treasury yields climbed to their highest level since 2007 on Tuesday, as concerns over energy-driven inflation and anticipated central bank rate hikes weighed on bond investors. Global stocks also fell amid the rising yields and oil price pressures. Japan's 10-year government bond yield also saw a notable increase, climbing back above 3% to reach a fresh 30-year high of 3.025% amid renewed supply worries.