Entire Treasury Market Yields at Least 4%, Now Including 30-Year
- Strong labor-market data spurs US yields to new 2023 highs
- Bond losses are mounting again with more Fed hikes anticipated
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The US 30-year yield rose to the highest level since November, joining the rest of the Treasury market in offering investors a return of at least 4% after another batch of strong labor-market data.
Yields across the Treasury market climbed Thursday following an upward revision to the fourth-quarter unit-labor-costs growth rate. The 30-year yield rose as much as 9 basis points to 4.045%, up from a 2023 low of 3.5% in early February, and ended the day at around 4.03%.