US 30-Year Treasury Yield Hits 5.58%, Within 1 Basis Point of Highest Since 2002
JH Kim
Summary
- The 30-year US Treasury yield rose to 5.58%, putting it within 1 basis point of its highest level since 2002.
- The 10-year Treasury yield also rose to 5.24%, its highest level since 2007.
- High oil prices, inflation concerns, heavy Treasury issuance and worries about fiscal health are fueling a global bond selloff.
Forecast Trend Report by Period
The yield on the 30-year US Treasury rose to 5.58%, putting it within 1 basis point of its highest level since 2002.
Walter Bloomberg reported on September 29 that the 30-year Treasury yield climbed for a sixth straight trading day to 5.58%. The 10-year Treasury yield also rose to 5.24%, its highest level since 2007.
High oil prices, inflation concerns, heavy Treasury issuance and worries about fiscal health are fueling a global bond selloff.
US Treasuries have fallen 2.6% so far this year. Bond prices and yields move in opposite directions.
JH Kim
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