The benchmark U.S. 10-year yield eased after climbing more-than-one-year peak of 1.754% on Thursday
Losses in US stocks accelerated after France's prime minister imposed a month-long lockdown on Paris and several other regions due to the health crisis
NEW YORK (Reuters) - The S&P 500 slipped on Friday after hitting an all-time high the prior session as rising U.S. bond yields revived inflation worries and dulled the appeal of high-growth technology shares.
February's bond selloff sent U.S. 10- and 30-year Treasury yields more than 30 basis points higher while governments from France to Australia saw their borrowing costs jump
The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week
The drop in yields also reflected a jump in expectations that the Federal Reserve would cut key borrowing costs three more times by year-end
US bond markets will be the canary in the coal mine in this cycle; if they falter, no one will be spared