TLT•The 30-year U.S. Treasury yield rose to just over 5.44%, its highest since 2004, while U.S. 30-year mortgage rates reached 7%, around a two-year high.
The 30-year U.S. Treasury yield climbed to just over 5.44% as bond prices fell, reaching its highest level since 2004. Global bond yields rose after business activity data pointed to strong U.S. growth and rising inflation pressures, stoking bets on Federal Reserve rate hikes.
U.S. 30-year mortgage rates reached 7%, about a percentage point above their level before the Iran war and around their highest in two years. The article said bond markets have also faced pressure from higher energy prices, resilient growth and investor concerns about government debt.
