Market Extra
Treasury yields just saw their biggest spike since 2008, Dow Jones Market Data show
Published: April 9, 2025 at 12:56 p.m. ET
Chaos in the U.S. stock market has infected the bond market, fueling speculation about a potentially destabilizing shock to the global financial system.
The U.S. 10-year Treasury yield BX:TMUBMUSD10Y has climbed as much as 65 basis points over the last four trading days, briefly touching 4.509% overnight on Wednesday as President Trump’s widespread tariffs took effect. Yields haven’t risen this dramatically since October 2008, Dow Jones Market Data showed. The 10-year yield was at 4.50% as recently as February. Bond yields move inversely with prices, rising as prices fall.
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