30-year Treasury yield hits highest level since 2004
Long-dated U.S. borrowing costs rose to levels last seen in 2004 as the global bond selloff continued.
TL;DR
- CNBC reported that the 30-year Treasury yield reached its highest level since 2004.
- Reuters reported a rise above 5.44% as bond prices fell.
- The reports linked the move to stronger growth and inflation concerns and shifting expectations for Federal Reserve rates.
CNBC reported that the 30-year Treasury yield reached its highest level since 2004. [1]
Reuters reported the yield rose more than three basis points to 5.444% as prices fell. [2]
Reuters attributed the move in part to stronger U.S. growth and inflation signals, which increased expectations of Federal Reserve rate hikes. [2]
Why it matters
Higher long-term government borrowing costs affect financing conditions across the economy; this report describes the market move and does not give an investment view.
Editor's note
Reuters coverage is carried by MarketScreener. Yield figures vary by time of observation; 5.444% is Reuters’ reported intraday level.