US 30-year Treasury yields hit multi-decade highs amid global bond market sell-off
Yields on 30-year US Treasuries surged to levels last seen in 2002–2004 (reaching ~5.6%+), while 10-year yields climbed near 5.2–5.3%. The sell-off stems from strong economic data, elevated energy prices, fiscal concerns, and heavy bond supply.
TLDR
Rising long-term yields increase borrowing costs for mortgages (near 7%), corporations, and government, pressuring stocks especially in growth and tech sectors. The shift signals investors demanding higher compensation for growth and inflation risks, ending the low-yield era and raising questions about fiscal sustainability and housing affordability.
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