10- and 30-year bond yields trading at 24-year highs
Summary
The interest rates on U.S. government bonds for 10 and 30 years reached their highest levels in 24 years on Wednesday. The 10-year bond yield hit 5.36%, near its highest closing level since 2002, while the 30-year bond yield also rose sharply.Key Facts
- The 10-year U.S. Treasury bond yield reached 5.36% during Wednesday’s trading.
- This level is the highest since April 2002.
- In April 2002, the 10-year bond yield closed at 5.48%, the most recent peak.
- The 30-year U.S. Treasury bond yield also climbed to its highest point in 24 years.
- Bond yields rise when investors expect higher inflation or interest rates in the future.
- Higher bond yields can affect borrowing costs for the government and consumers.
- The rise in yields comes amid ongoing market selling and economic concerns.
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