'There Could Be' More Pain To Come As Debt Costs Soar
Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
