U.S. long-dated Treasury yields jumped to their highest in more than 20 years on Thursday as a global bond selloff deepened, Reuters reported. The 30-year Treasury yield climbed to just over 5.46% — about 5.458%, the highest since 2004 — while the benchmark 10-year hit 5.14% after touching a 19-year high. U.S. 30-year mortgage rates reached 7%, around their highest in two years. Oil returned to about $105 a barrel, NBC News reported, amid the Middle East war.
Drivers include high energy costs, resilient growth, and heavy government spending. The selloff accelerated after strong U.S. business-activity data pointed to rising inflation pressures and stoked Federal Reserve rate-hike bets. New York Fed President John Williams, speaking in London, said the economy was showing “remarkable resilience,” and that markets viewing another rate hike by year-end as likely “seems… a reasonable way of thinking,” while stressing the decision remains data-dependent.
Stocks have been under pressure as yields climbed. Rising long-term rates raise borrowing costs for governments, companies, and households just as energy prices stay elevated.
Sources: Reuters (Amanda Cooper et al.); NBC News; Reuters (Williams)










