According to Jin10, on May 16, U.S. 10-year Treasury yields surged to 4.595%, the highest level since February 2025 and marking the largest single-day gain in over a year. The 30-year yield climbed to 5.127%, the highest closing level since July 2007. Rising bond yields dampened investor appetite for equities, with market concerns over persistent Middle East tensions fueling inflation worries and pushing oil prices higher. U.S. semiconductor stocks, which rallied significantly over the past month, suffered the steepest losses. Globally, the South Korean KOSPI index fell more than 6%, while Japan’s Nikkei 225 index also declined sharply.
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