The 30-year US Treasury yield reached approximately 5.2%, the highest level in nearly two decades, driven by inflation fears, concerns about interest rate hikes, and geopolitical tensions from the ongoing war in Iran, which collectively pushed investors away from Treasury bonds.
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30-year US Treasury yield highest since 2007Added:
Now inflation fears and worries about interest rate hikes are taking hold of the Treasury market. The 30-year US Treasury yield climbed to about 5.2% today. That is the highest that we've seen in nearly two decades. The ongoing war in Iran is adding to the pressure with concerns about heavy government spending and global risk pushing some investors away from Treasury bonds. And that is not the only sector taking a hit from the war.
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