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U.S. 30-year Treasury yield reaches highest level since 2007
The move reflects pressure on fixed income tied to inflation concerns and expectations for additional Treasury supply, according to MarketWatch.
The yield on the U.S. 30-year Treasury climbed to its highest level since 2007 amid a broader global bond sell-off, according to MarketWatch.
MarketWatch said the increase is being driven by concerns about inflation and expectations for more government debt supply, factors that are weighing on the fixed income sector.
The report links the sell-off to rising yields across longer-dated Treasurys, with the 30-year rate breaking to the highest level seen in more than a decade.
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