IMF: Bond Markets Orderly Despite 5.34% Yield

IMF: Bond Markets Orderly Despite 5.34% Yield

The International Monetary Fund said on Thursday that global bond markets are continuing to function in an orderly manner despite a sharp increase in yields that has pushed borrowing costs to levels not seen in decades. IMF spokesperson Julie Kozack made the comment during a press conference.

The 10‑year U.S. Treasury yield rose to 5.34% on Thursday, marking its highest level since 2002 and representing the largest quarterly increase this century for the three‑month period ending in September. The surge in yields also spread selling pressure to bond markets in France, Britain and Japan.

Kozack highlighted that energy prices remain a continuing challenge for the global economy. Diesel, gasoline and jet fuel prices have risen between 60% and 97% compared with pre‑conflict levels, reflecting the impacts of the Iran war and limited global refining capacity.