US 30-year bond yields hit two-decade high
US 30-year bond yields reached a more than twenty-year high on Thursday as rising oil prices reignited inflation concerns and rate hike expectations. Benchmark 10-year yields also climbed to their highest level since 2007, weighing on global equity markets.
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United States 30-year bond yields climbed to a 20-year high of 5.48% on Thursday as surging oil prices amplified inflation concerns. The spike followed a missile strike in Saudi Arabia, intensifying fears of global supply disruptions. Investors are now pricing in a 71% probability of an interest rate hike by the Federal Reserve next month.
