The 30-year Treasury yield rose over 3 basis points to 5.183%, after briefly hitting 5.197%, its highest level since July 2007—the height of the financial crisis
US Treasury yields surged on Tuesday as investors dumped bonds amid fears of a renewed inflationary surge, driven by rising oil prices from the conflict with Iran.
The 30-year Treasury yield rose over 3 basis points to 5.183%, after briefly hitting 5.197%, its highest level since July 2007—the height of the financial crisis.
Meanwhile, the benchmark 10-year note yield and the two-year note yield also climbed 4 basis points and 3 basis points, respectively. It has prompted traders to brace for a potential Federal Reserve rate hike rather than a reduction this year.