Daily Market Updates: 30-year Treasury yield hits highest level since 2004

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30-year Treasury yield hits highest level since 2004

The rise follows a broader bond selloff, with higher oil prices cited as part of the pressure on yields.

Reported · Written up by our desk · Government Bonds

U.S. Treasury yields extended higher after the 30-year yield reached its highest level since 2004, according to CNBC Markets and WSJ Markets.

Both outlets said the move came as the bond selloff widened amid rising oil prices, which they linked to the upward pressure on long-term yields.

CNBC Markets also described the jump as a continuation of upward momentum after Wednesday's new peak, highlighting the latest escalation in the rates selloff.

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Sources

CNBC Markets30-year Treasury yield hits highest level since 2004

WSJ MarketsStock Market Today: Long-Term Treasury Yields Hit Highest Level Since 2004

CNBC World30-year Treasury yield hits highest level since 2004

Bonds & Rates

30-year Treasury yield hits highest level since 2004

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