30-Year Treasury Yield Reaches Highest Level Since 2007
The 30-year U.S. Treasury yield climbed to 5.18 percent, its highest reading since July 2007. Yields also rose across Europe and Asia amid renewed inflation concerns.
killerstartups.comU.S. 18 percent, the highest level recorded since July 2007. Bond investors are pricing in stronger inflation expectations that have pushed long-term rates higher across major economies.
U.S. move. Traders pointed to recent economic data releases that showed persistent price pressures in several regions.
The last time the 30-year yield stood at this level was during the months leading into the 2008 global financial crisis. Market participants are now watching upcoming inflation reports and central bank statements for further direction. U.S. Treasury yield hasn’t been this high since the lead-up to the global financial crisis.
