#30YYieldHits2007High

About 30YYieldHits2007High

The 30-year Treasury yield hit the 5.29% to 5.32% range, its highest since 2007, while the 10-year rose to about 4.72%. US debt keeps growing, long-dated issuance is building and inflation is still above the Fed target. Treasury data shows the UK, Japan and China all cut holdings in June, and the AI funding wave has lifted investment grade issuance, adding competition for long-end capital. JGBs sold off too, so this is not US-only. High long yields lift borrowing costs across the board.