Treasury 30-Year Yield Rises to Highest Level Since 2014
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The US 30-year bond’s yield exceeded its June 2022 high, revisiting levels last seen in July 2014, in a Treasury market selloff fueled in part by new corporate bond sales and a stronger-than-expected gauge of services activity.
Those catalysts unfolded against a backdrop of ongoing Federal Reserve policy tightening and indications that an economic soft landing remains possible.