30-year Treasury yield hits 2007 high

The yield on the 30-year U.S. Treasury bonds rises to its highest level since 2007 at 5.239%, following the Federal Reserve's decision to keep interest rates unchanged. This comes amidst escalating inflation concerns and the impact of geopolitical tensions in the Middle East on oil markets. These increases in borrowing costs raise fears of an economic slowdown, especially given the complex political landscape and sensitive financial markets that are oscillating between expectations of rate hikes and challenges in oil supply.

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