30-year U.S. Treasury yield hits 2004 high
U.S. 30-year bond yields rose to over 5.45%, the highest level since 2004, due to increased long-term borrowing costs in the United States, which reached around 7%, close to the highest in two years. This rise in yields was driven by strong economic growth, rising energy prices, and increasing inflation concerns, leading to a broad sell-off in government bonds. Despite this, investors were able to absorb the increase thanks to the robust economic performance and corporate profitability. However, rising borrowing costs are putting pressure on government spending and consumers, with expectations that financial market pressures will intensify if these trends continue.
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