30-year U.S. bonds hit 2007 high
U.S. 30-year bond yields rose to 5.31%, the highest level since 2007, amid market concerns over sustained high government spending and inflation. This came amid increased issuance of long-term bonds and rising pressure on borrowing costs. Additionally, ten-year bonds climbed to 4.72%, while the yield gap between two-year and 30-year bonds widened to 114 basis points, reflecting a steepening of the yield curve and increased pressures on the debt markets.
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