30-year Treasury yield hovers near 5%, indicating unresolved pressure in the bond market

Odaily Planet Daily News After breaking through the key level of 5% for the first time since last July, the yield on the 30-year U.S. Treasury bond is hovering around 5% again at the beginning of this week—indicating that pressure in the world's largest bond market has not eased. This is a highly significant threshold, and traders are closely watching for signs of a potential further increase. The core driver behind this sell-off is market concern that a 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 sparked worries that price increases may accelerate in the short term. (Jin Shi)