U.S. 30-year bond yield rises to highest since 2004 as selloff deepens
TLT•The 30-year U.S. Treasury yield rose more than 3 basis points to 5.444%, its highest since 2004, as the bond selloff gathered pace.
1. Yields climb
Long-dated U.S. borrowing costs reached their highest level in more than 20 years on Thursday. The 30-year Treasury yield climbed more than 3 basis points to 5.444% as bond prices fell.
2. Factors weighing on bonds
U.S. and global yields jumped on Wednesday after data pointed to strong U.S. growth and rising inflation pressures, leading traders to increase bets on Federal Reserve rate hikes. Bonds around the world have been under pressure for months as the U.S.-Israeli war on Iran pushed up energy prices, growth proved resilient and investors fretted about high government debt.
