US 30-year bond yield hits highest since 2004

Economic Times Markets · stocks

Long-dated US borrowing costs reached their highest point in over two decades on Thursday as the bond market selloff intensified. The 30-year US Treasury bond yield rose over 3 basis points to 5.444%, its highest level since 2004, as bond prices declined. Global yields surged following data indicating strong US growth and rising inflation, increasing expectations of further Federal Reserve rate hikes.