US 30-Year Treasury Yield Breaks Above 5.40%, Hitting Highest Since 2007

Odaily News: The U.S. 30-year Treasury yield continued to climb, rising to an intraday high of 5.40%, marking its highest level since June 2007. As long-term U.S. Treasury yields keep rising, market concerns over U.S. inflation, the fiscal deficit, and rising long-term financing costs have intensified.