US 30-year Treasury yield reportedly climbs to 5.58%, near its highest since 2002

A market post on September 29 says the 30-year Treasury yield climbed to 5.58%, within one basis point of its highest since 2002, while the 10-year reached 5.24%, its highest since 2007. It cites oil prices, inflation concerns, debt issuance and fiscal worries as factors in the bond selloff. Al Jazeera English, citing Kpler, reports that oil shipments through the Strait of Hormuz averaged about 13.2 million barrels a day over the preceding week, even as Iran claimed to have stepped up attacks on vessels trying to cross.