10- and 30-year bond yields trading at 24-year highs

The 10- and 30-year U.S. Treasury bond yields hit 24-year highs during Wednesday morning trading, as the market sell-off persists.

The 10-year note topped 5.36 percent earlier in the day, the highest mark since April 2002. That month, the 10-year bond yield reached a closing peak of 5.48 percent.

The 30-year bond yield, meanwhile, exceeded 5.73 percent, also its highest mark since April 2002. The stock market took a sharp nosedive that year, in the aftermath of a monthslong recession.

Both notes have dipped slightly from Wednesday’s highs, and are respectively trading at below 5.32 percent and 5.69 percent as of lunchtime. But 10- and 30-year bond yields both remain about 4 basis points higher than closing time on Tuesday.

Bond yields are also up across Europe, as investors have fled the market amid mounting government........

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