Bond Crisis Worsens! US 30-Year Treasury Yields Surge to Highest Level Since 2004. What Lies Ahead?
The 30-year yield rose to just over 5.44%, its highest since 2004, as strong growth and inflation bets pushed borrowing costs higher.
- On Thursday, the yield on the 30-year Treasury climbed to just over 5.44 per cent, its highest level since 2004, as investors demanded higher compensation amid strong economic growth and high energy prices.
- Global bond yields jumped Wednesday and Thursday after data suggested the economy is booming, with Hank Calenti, global markets strategist at SMBC EMEA, noting rising employment is putting pressure on prices.
- Equities struggled on Thursday, while the 10-year Treasury note yield hit a high of 5.15% and 30-year mortgage rates reached 7 per cent, adding strain to households.
- Treasury Secretary Scott Bessent has taken measures to contain borrowing costs, including expanding buybacks, but the Treasury Department's $6 billion operation on Thursday failed to impress the market where $1.2 trillion changes hands daily.
- President Donald Trump said Tuesday he believes a deal with Iran to end the war will happen, while Yardeni Research noted a relief rally in bond prices would likely require a resolution to the Middle East conflict.
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24 Articles
Yields elevated as inflation fears keep markets on edge
NEW YORK, Sept 24 : Longer-dated US Treasury yields retreated from earlier highs after 30-year yields touched a more-than-20-year peak, though they stayed elevated as nerves over renewed inflation and further central bank rate hikes kept investors on edge.Oil prices rose about 2 per cent on Thursday as US-Ira
Bond yields, which drive browsing costs, just brushed up against territory not seen since George W. Bush's first term. The yield on the 30-year Treasury briefly climbed to about 5.44% on Thursday, its highest level since 2004, before easy lightly. The 10-year yield, a key driver of mortgage rates,...
US 30-year bond yield rises to highest since 2004 as bond market bloodbath continues
Long-dated U.S. borrowing costs climbed Thursday to their highest level in more than 20 years as a months-long bond selloff gathered speed. The yield on the 30-year U.S. Treasury rose more than 3 basis points to 5.444 percent, its highest since 2004, as prices fell. U.S. and global yields jumped on Wednesday after data pointed […]
The Economic Times
Times of IndiaBond crisis worsens! US 30-year Treasury yields surge to highest level since 2004. What lies ahead?
The US bond selloff intensified as the 30-year Treasury yield hit its highest level since 2004, while the 10-year yield reached a post-financial-crisis high. Strong US economic data, rising inflation concerns, elevated government debt and higher oil prices have fuelled expectations of further Federal Reserve rate hikes, pressuring global bond markets.
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