Macro & Policy/Currency & Rates
US Treasury Yields Hit 4.9% — Why It Moves the Korean Won
The US 10-year Treasury yield touched 4.94% on September 10, 2026 — its highest level since October 2023 — after Treasury Secretary Scott Bessent's expanded bond buyback operation fell short of what markets had priced in, while oil pushed back above $100 a barrel on the widening Iran conflict. The connection to Korea runs through an unusual but direct channel: Korea's roughly $950 billion Nation..