Summary
- The yield on the 30-year US Treasury climbed to 5.58%, nearing its highest level since 2002.
- High oil prices, inflation concerns, heavy Treasury issuance and worries about fiscal health are fueling a global bond selloff.
- US Treasuries are down 2.6% so far this year, and bond prices and yields move in opposite directions.
Forecast Trend Report by Period
The yield on the 30-year US Treasury climbed to 5.58%, just 1 basis point below its highest level since 2002.
Walter Bloomberg reported on September 29 that the 30-year Treasury yield rose for a sixth straight trading session to 5.58%. The 10-year Treasury yield also climbed 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 are down 2.6% so far this year. Bond prices and yields move in opposite directions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.