U.S. 30-year bond yields hit 2002 high

The yield on 30-year US Treasury bonds reached its highest level since 2002, hitting 5.61% due to inflation concerns and geopolitical issues. This comes amid anticipation of a possible interest rate hike by the Federal Reserve, with a 70% probability of an increase at the October meeting. Similarly, the yield on 10-year bonds rose to 5.29%, amid the lowest bond performance since September 2023, with the market affected by rising oil prices and growing inflation expectations.

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