Rising Treasury yields add pressure to borrowing costs as markets weigh inflation, economic growth and interest rates
Long-term U.S. borrowing costs climbed to their highest level in more than two decades Thursday as a global bond selloff continued.
The yield on the 30-year U.S. Treasury bond reached 5.444%, its highest level since 2004. Bond yields rose following economic data pointing to resilient U.S. growth and continued inflation pressures, which led traders to increase expectations for additional Federal Reserve rate increases.
Treasury yields serve as important benchmarks throughout the financial system, making their continued rise significant for borrowing conditions across the economy.
Source: Investing.com
