DEVELOPING TIMELINE
First Report Sep 26: Mortgage rates topping 7% and rising costs are squeezing buyers and renters alike.
Oct 1: 10-year yield hits 24-year high since 2002
WHAT'S CONFIRMED
- ▸10-year Treasury yield reached highest level since 2002. — CNBC, Bloomberg Markets
NOT REPORTED ELSEWHERE
- ▸Rising oil prices drove renewed selloff in global bonds alongside yield increases. — Bloomberg Markets