US yields join global peers in upward move, 30-year yield nears 5%

The US Treasury yields surged in reaction to the ruling amid concerns the government may have to repay the billions of dollars already brought in through Trump's tariffs. The overall global yields soared to multi-decade highs and a slightly positive undertone in US economic data also weighed on sentiments as ISM said its manufacturing PMI inched up to 48.7 in August after falling to a nine-month low of 48.0 in July. The US 10-year yield zoomed up near 4.30% today, hitting one-week high while 30-year yield neared 4.98%- hitting around six-week high.