The Tell: Here’s why bond yields are rising around the world

A global bond-market selloff sent the yield on the 10-year U.S. Treasury note to its highest close in nearly five months on Thursday.

The 10-year Treasury yield TMUBMUSD10Y, +0.35% rose 5.3 basis points to settle at 1.843% — the highest since June 1.

The yield on the 10-year British government bond, or gilt TMBMKGB-10Y, +0.00% hit its highest level since the Brexit vote on June 23. The yield on the German 10-year bond TMBMKDE-10Y, +0.00% known as the bund, which was negative as recently as early October, also jumped to its highest level since May.

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