The sharp selloff in government bonds eased on Friday, with the 10-year U.S. Treasury yield moving lower, according to 华尔街见闻. The same report noted that optical-communication shares listed in the U.S. rose broadly in premarket trading, Brent crude fell 2%, and both gold and silver advanced.
The pause follows a stretch of heavy selling in the bond market. 华尔街见闻 described the move as a temporary halt to the rout, while a separate report carried by finance.sina.com.cn characterized the episode as an intense clearing out of positions and argued that a 5% yield era has now taken hold — warning the trend could continue "until something breaks."
Other coverage pointed to pressure building across the curve. 凤凰网财经 reported that the 30-year Treasury yield reached its highest level since June 2004. eastmoney.com reported a large overnight selloff alongside collective remarks from four Federal Reserve officials. 中华网 raised the question of whether persistently rising Treasury yields could drag down U.S. equities, noting that the character of volatility in the bond market has shifted.
Taken together, the reports suggest investors are still weighing how far yields can climb before broader markets feel the strain, even as Friday's session brought a brief reprieve.
What to watch next: whether the pullback in the 10-year yield holds, and how Fed officials' comments and the long end of the curve shape the next move in stocks and commodities.
