US 30-Year Bond Yield, Highest Since June 2007
9 Articles
9 Articles
The interest rate on the U.S. federal public debt reached a new high on Thursday since 2007 following the release of inflation figures in acceleration due to high energy prices.
The yield on U.S. 30-year Treasuries reached 5.35%, the highest level since 2007, due to rising producer prices and soaring oil prices. With the 10-year yield also approaching 5%, concerns are spreading in the market that the Federal Reserve may shift its stance on interest rate cuts in response to inflationary pressures.
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At 30 years' maturity, the return on Treasury bills rose to 5.35% at around 9:00 a.m.
According to ChainCatcher, following the release of PPI data, US Treasury yields rose. The 10-year Treasury yield increased by 5.63 basis points to 4.893%, and the 2-year Treasury yield increased by 5.96 basis points to 4.487%. The 30-year Treasury yield rose to 5.3381%, the highest level since 2007.
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