U.S. Treasury yields soar, deal a heavy blow to the stock market; chip sector leads the decline

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ME News Report, May 16 (UTC+8), U.S. bond yields surged sharply on Friday, dampening investor interest in stocks as markets worry that ongoing Middle East tensions will exacerbate inflation. The 10-year U.S. Treasury yield jumped to 4.595%, the highest since February 2025, and posted the largest single-day gain in over a year. The 30-year U.S. Treasury yield rose to 5.127%, the highest closing level since July 2007. The three major U.S. stock indexes all declined significantly, with chip stocks in the U.S. and abroad, which had surged over the past month, becoming one of the most affected sectors. Amid these market movements, oil prices continued to climb, reigniting concerns about inflation. Previously, Trump stated regarding the Strait of Hormuz that even if energy inventories are decreasing, the U.S. does not need the waterway to remain open. Overseas markets also performed poorly, especially the previously strong Korean KOSPI index, which fell more than 6%. Japan’s Nikkei 225 also declined sharply, with the Japanese 10-year government bond yield closing at its highest level since 1997 after a significant rise in producer prices in April. (Source: Jin10)
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LookingAtTheCandlestickChart
· 5h ago
When will this ghost story of inflation finally end?
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GateUser-8e84d799
· 5h ago
Japanese government bond yields hit their highest in 97 years; will arbitrage trading collapse?
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GateUser-deff9ed8
· 5h ago
Korean and Japanese stocks both decline, Asia-Pacific markets collectively hit bottom
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RouterWhisperer
· 5h ago
U.S. Treasury yields soar to 4.6%, who can withstand this?
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