U.S. 10-year Treasury yields spiked to 4.5% on Friday, ending the week with their largest gain in three years, according to Benzinga. The jump comes despite a softer-than-expected inflation report for the second straight month, as investors refocused on rising macroeconomic risks. Hedge fund unwindings and heavy foreign selling intensified the pressure. The bond market turbulence has weakened Treasuries’ role as a haven, driving a rally in gold.
2025