Triple Shock: US Yields at 5.12%, Won at 1,508, Oil $85
Triple Shock Hits Global Markets: US 30-Year Yield at 5.129%, Won at 1,508, Brent at $110 Global financial markets absorbed a simultaneous triple shock on May 19. The US 30-year Treasury yield punched through 5.129%, a level not seen since 2005 — roughly two decades. The 10-year US Treasury hit 4.63%, its highest since October 2023. Japan's 10-year JGB reached 1.37% for the first time since 2011. UK 30-year gilts traded at 28-year highs. Korea's own 10-year government bond yield climbed to 4.239%, a two-and-a-half-year peak. This synchronized global bond sell-off is the most severe since the 2022 UK pension crisis, and it has not happened in isolation. The won hit 1,508 per dollar. Brent crude crossed $110 per barrel. Three blows, landing at the same time. Middle East War Is the Fuse Behind Everything The root cause threading through all three shocks is the prolonged Middle East conflict. Eight rounds of Iran-US ceasefire negotiations have come and gone without agre...