Analysis: Long-term US Treasury yields hit near three-year high as inflation fears trigger global bond selloff

Odaily reported that US long-term Treasury yields have climbed to their highest levels in nearly three years, as investor concerns over accelerating inflation sparked a selloff in global bond markets.

After US President Donald Trump pressured Iran to reach an agreement to end the war, causing oil prices to extend their gains, the yield on the 30-year US Treasury bond rose as much as 4 basis points to 5.16%, the highest level since October 2023. Yields on the 10-year and 2-year Treasury notes reached 4.63% and 4.10%, respectively, their highest since February 2025. In Japan, the yield on the 30-year Japanese government bond surged 20 basis points to 4.2%, hitting its highest level since the bond was first issued in 1999.

Bond traders often regard the 5% yield level on the 30-year US Treasury as a "line in the sand," believing it will attract bargain-hunting buyers. Guneet Dhingra, head of US interest rate strategy at BNP Paribas, stated, "There is no anchor point above 5%." He advised clients to focus on the 5.25% to 5.5% trading range for the 30-year US Treasury bond. (Jin Shi)