30-year bond yield now highest in 20+ years
Summary
The yield on the 30-year U.S. Treasury bond reached its highest level in over 20 years on Thursday, hitting 5.45 percent before falling slightly. This is the highest yield seen since 2004.Key Facts
- The 30-year U.S. Treasury bond yield peaked at 5.45 percent on Thursday.
- This level is the highest intraday yield since the year 2004.
- Earlier Thursday, the bond yield briefly rose to 5.446 percent before dropping by about 0.02 percent (2 basis points).
- Treasury bond yields change based on demand and are closely watched as indicators of economic conditions.
- Higher bond yields usually mean the government must pay more to borrow money for a long time.
- The rise suggests changes in investor expectations about the economy or inflation.
- Bond yields often move throughout the day depending on market trading activity.
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