US 30-Year Treasury Yield Hits 5.6959%, Highest in 24 Years
JH Kim
Summary
- The 30-year US Treasury yield climbed as high as 5.6959% during intraday trading, reaching its highest level in 24 years.
- According to Walter Bloomberg, the 30-year US Treasury yield rose to 5.6959% during the session.
- The 30-year US Treasury yield later stood at 5.689%, up 5.89 basis points from the previous session, putting long-dated Treasury prices under pressure.
The yield on the 30-year US Treasury note climbed as high as 5.6959% during intraday trading, marking its highest level in 24 years.
Walter Bloomberg reported on October 5 that the 30-year US Treasury yield rose to 5.6959% during the session.
It later traded at 5.689%, up 5.89 basis points from the previous session.
Because Treasury yields and bond prices move in opposite directions, prices of long-dated Treasuries came under pressure that day.
JH Kim
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