In New York financial and bond market trading on the 29th, the 30-year US Treasury yield briefly rose into the 5.62% range, reaching its highest level in about 24 years since June 2002, according to Reuters. Concerns over accelerating inflation and a widening fiscal deficit are weighing on the bond market. Amid the turmoil in the Iran situation, worries over rising energy prices and fiscal expansion risks have intensified in various countries, adding pressure that is prompting bond selling. Massive corporate bond issuance by artificial intelligence-related companies is also pressuring the government bond market.
30-year Treasury yield briefly hit ~5.62%, a 24-year high, driven by inflation, deficit, and energy-price concerns that pressure bond prices.
