Bond yields are surging , as markets get jittery on reignited fears that the U.S. Federal Reserve will keep interest rates higher for longer. The 2-year Treasury topped 5% for the first time since 2007 earlier this week and was trading around 5.0474% on Thursday. The 10-year inched higher to trade around 3.9874%. Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates were likely to remain higher than expected. It drove stocks lower and bond yields higher .
Pro used FactSet to screen for global stocks on the MSCI World index with yields above 5%. It comes after a Pro screen for U.S.-listed high-dividend payers earlier this week. The stocks on the global screen also have: Dividend-coverage ratios above 2, which indicates that the yields look relatively safe; Total debt-to-equity ratio less than 150%, with dividend payouts depending on factors including a company's debt load; Buy ratings from at least 40% of analysts covering the stock.
's Hakyung Kim and Elliot Smith contributed to this report.