Triple Shock: US Yields at 5.129%, Won Breaks 1,508
Triple Shock Hits Global Markets: US 30-Year Yield Hits 5.129%, Won Breaks 1,508, Brent Crude Surges Past $110 There is no single story driving markets right now. There are three, all hitting at once, and the interaction between them is the problem. The US 30-year Treasury yield touched 5.129% on May 19 — it hasn't been this high since 2005. Brent crude crossed $110 a barrel. The Korean won slumped to 1,508 per dollar. None of these things would be easy to handle in isolation. Together, they are forcing a reckoning across global financial markets. The US 10-year sits at 4.63%, its highest since October 2023. Japan's 10-year JGB is at 1.37% — haven't seen that since 2011. The UK 30-year gilt is at a 28-year high. Korea's own 10-year government bond yields 4.239%, a two-and-a-half-year peak. Bond markets across the developed world are selling off simultaneously. The last time we saw anything like this coordinated move was the UK LDI crisis in 2022, and even that ...