U.S. 30-Year Yields Hit 2002 High
The yield on the 30-year U.S. Treasury bonds hit its highest level since 2002 at 5.61%, driven by inflation concerns and geopolitical uncertainties, as investors await a possible interest rate hike in October’s meeting, with a 70% probability. The yield on 10-year bonds also rose to 5.29%, reflecting expectations of higher mortgage costs and the market experiencing its worst monthly performance since 2023, influenced by rising oil prices impacting inflation and the Federal Reserve’s decisions.
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