US yields rise with rate hike views, 30-year bond yield hits highest since 2004
Traders see a roughly 70% chance of another rate increase when the Federal Reserve next meets in October
US Treasury yields climbed on Thursday, with the 30-year bond yield reaching its highest level since 2004. This surge occurred as more Federal Reserve officials suggested additional interest rate hikes may be necessary to combat high inflation. Fed policymakers, including Anna Paulson and John Williams, expressed this view following the bank's recent decision to raise rates for the first time since 2023.
The 30-year yield increased by 7 basis points to 5.472 percent, marking its highest level since June 2004. The 10-year Treasury note also saw a rise, with its yield up 7.1 basis points to 5.185 percent, touching a fresh 19-year high.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- US yields rise with rate hike views, 30-year bond yield hits highest since 2004 businesstimes.com.sg
- Bond Yields Soar, Spiking Fed Rate Hike Bets bloomberg.com
- Bank alarm over global inflation 'tinderbox' as bond yields soar and rate rise fears deepen thisismoney.co.uk
