Sandego.net – Pressure across the US bond market is driving a crucial benchmark yield to levels not seen since the aftermath of the dot-com collapse. The yield on the 10-year Treasury note climbed to 5.34%, its highest point since 2002, underscoring how forcefully investors have been retreating from government debt.

US Treasuries sit at the center of global finance and are generally viewed as one of the safest places to hold money. During periods of economic stress, investors often buy these securities for stability, pushing prices higher and yields lower. The current move is running in the other direction: investors are selling bonds, prices are falling, and yields are rising.…