30-year U.S. Treasury yield hovers near 5%, indicating bond market pressures remain unresolved

Odaily Planet Daily News After briefly breaking above the key 5% level for the first time since July last year, the 30-year U.S. Treasury yield hovered around 5% again at the start of this week—indicating that pressures in the world's largest bond market have not eased. This is a significant threshold, with traders closely watching for signs of a further rise. The core driver of this sell-off stems from market concerns that a potential closure of the Strait of Hormuz could push up inflation and reduce the scope for interest rate cuts. Additionally, massive corporate spending in the AI sector has also raised fears that short-term price increases may accelerate. (Jin Shi)