'There Could Be' More Pain To Come As Debt Costs Soar
US government bond yields have reached their highest levels in over two decades due to inflation and fiscal concerns. The 30-year Treasury rate rose to 5.44% following an increase in Brent crude oil prices.
Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. JP Morgan Private Bank's Global Investment…
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