Following the JOLTS report, 10-year US Treasury note yields climbed to levels last seen in 2007.

Source: https://www.legit.ng/business-economy/economy/1556873-asian-markets-fall-rate-fears-bond-yields-rise/

Investors were prompted to sell Japanese stocks after the yield on the benchmark 10-year U.S. Treasury note hit the 5% mark for the first since July 20, 2007.

Source: https://www.marketscreener.com/quote/index/NIKKEI-225-4987/news/Japan-s-Nikkei-cuts-some-losses-as-investors-scoop-up-cheap-stocks-45109142/?utm_medium=RSS&utm_content=20231019

John Canavan, a market analyst at Oxford Economics, suggested that the yield on the 10-year Treasury note could climb higher, from its current level of about 3.5%, to 3.7%, if the Fed raises rates above what the market expects.

Source: https://abcnews.go.com/Business/wireStory/federal-reserve-markets-standoff-rate-hikes-96635968

The yield on the global benchmark 10-year US Treasury note was last down 8 basis points at 4.573%, sharply below last week's peak of 4.887%, which was the highest level since 2007.

Source: https://www.news24.com/fin24/markets/investment-update-betting-on-berkshire-hathaway-lvmh-triggers-richemont-slump-20231011

Those gains come even as the yield on the benchmark 10-year Treasury note rose above the psychological 4% level at various points last week.

Source: https://newsday.com.ng/stock-futures-inch-up-as-investors-look-ahead-to-powell-comments-jobs-data-this-week/?utm_source=rss&utm_medium=rss&utm_campaign=stock-futures-inch-up-as-investors-look-ahead-to-powell-comments-jobs-data-this-week