US 30-year Treasury yield hits 2007 high
American stock indices sharply declined following the Federal Reserve's decision to keep interest rates unchanged, as treasury bond yields for 10 and 30 years rose to their highest levels since 2007. This reflects expectations that inflation will not be curbed quickly. Specifically, the yields on 10-year Treasury bonds increased to over 4.67%, while 30-year bonds rose to more than 5.2%. This movement is seen as an indicator of the potential continuation of rising financing costs and its negative impact on the stock market.
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