The 30-year US bond reaches highs since 2002
Debt sales continue in the US amid fears of a more restrictive Fed, and investors drive the long-term bond to a 5.60% yield.
US debt continues to be under pressure, with long-term bonds being particularly affected. The 30-year US bond yield has reached 5.60%, its highest level since 2002, as investors have sold long-term debt for six consecutive sessions. This has raised concerns that the Federal Reserve may become more restrictive in response to persistent inflation, which has been fueled by recent conflicts in the Middle East and rising oil prices.
The yield on the 30-year bond has increased by over 76 basis points this year, from 4.84% at the start of 2024.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
