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30-year Treasury yield stays above 5% for 14 straight sessions
The 30-year yield remained above 5% for the 14th consecutive session on July 24, its longest streak since July 2007, while CPI and gasoline pressures keep inflation concerns elevated.
Treasury yields have climbed to multiyear highs, with market anxiety spreading beyond bonds to borrowing costs and savings returns, according to Yahoo Finance.
Two-year and 10-year Treasury yields are rising as global bond yields move higher in tandem, a pattern attributed to higher oil prices, resilient economic data, and heavy government borrowing.
The 30-year Treasury yield ended above 5% for the 14th consecutive trading session on July 24, marking its longest streak since July 2007. Data cited by Yahoo Finance show it has closed above 5% on 32 trading days so far this year, according to the Federal Reserve Bank of St. Louis.
Yahoo Finance also linked the bond market reaction to Middle East tensions, noting that hopes for resolution are fading and that gas prices and inflation expectations remain a concern, including a 3.8% CPI increase in April and a gas price gain of over 28%.