Bond Selloff Deepens After 30-Year Yield Hits Highest Since 2004
US 30-year government bond yields reached their highest level since 2004. The increase is attributed to an ongoing bond selloff fueled by concerns over inflation and fiscal policy.
Yields on the US’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone in a global selloff driven by inflation fears and concern about government debt burdens.
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