US bond sell-off pushes long-term yields to highest since 2004
The US bond sell-off has driven long-term yields to their highest levels since 2004. The 30-year US Treasury yield rose as high as 5.5% on Thursday, with the 30-year bond yield also reaching its highest point since 2004. This significant increase in bond yields has global implications, affecting borrowing costs worldwide. The sell-off is attributed to inflation fears and rising interest rates.
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- ✓ US 30-year bond yield rises to highest since 2004
- ✓ The US 30-year Treasury yield rose as high as 5.5% on Thursday
- ✓ Bond yields are at their highest in 20 years
- ✓ US mortgage rates hit 7%, their highest level since Donald Trump returned to office
What changed
The US 30-year Treasury yield reached 5.5%, its highest level since 2004, extending the recent sell-off that has seen yields climb around the globe.
Live updates
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US bond sell-off pushes long-term yields to highest since 2004
The US bond sell-off has driven long-term yields to their highest levels since 2004. The 30-year US Treasury yield rose as high as 5.5% on Thursday, with the 30-year bond yield also reaching its highest point since 2004. This significant increase in bond yields has global implications, affecting borrowing costs worldwide. The sell-off is attributed to inflation fears and rising interest rates.
Why it matters
The recent surge in bond yields is a response to growing inflation concerns and the prospect of higher interest rates. This trend has been observed globally, with European bond yields also experiencing a sell-off. The increase in borrowing costs could have far-reaching effects on the economy, including impacts on mortgage rates, consumer spending, and business investment.
What is confirmed
- US 30-year bond yield rises to highest since 2004
- The US 30-year Treasury yield rose as high as 5.5% on Thursday
- Bond yields are at their highest in 20 years
- US mortgage rates hit 7%, their highest level since Donald Trump returned to office
Still unconfirmed
- History shows financial calamities occur when rates rise rapidly like this: 'Something always breaks'
What to watch next
- Global economic response to rising bond yields
- US Federal Reserve's next interest rate decision
- Impact on mortgage rates and consumer spending
confidence 85%Sources used for this update (9)
- Reuters — US 30-year bond yield rises to highest since 2004 as selloff deepens
- AP News — Why bond yields are rising and why everyone should care
- Bloomberg.com — Bond Yields at 5% Mark New Era 'Until Something Breaks'
- cnbc.com — History shows financial calamities occur when rates rise rapidly like this: 'Something always breaks'
- Financial Times — US bond sell-off pushes long-term yields to highest since 2004
- www.abc.net.au — Bond yields at two-decade highs in largest market correction in generations
- www.euronews.com — European bond yields ease after sell-off as US mortgage rates hit a high in Trump’s term
- finance.yahoo.com — Why Has the U.S. Long Bond Futures Broken Out of the Multiyear Consolidation Range in 2026?
- www.cnn.com — Global bond sell-off deepens, sending borrowing costs higher around the world
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