US Yields at 5% Tug Traders Between Dip-Buying Greed and Fear

In some circles on Wall Street, the hottest debate isn’t about a tech-stock bubble or $100 oil as the new norm. It’s whether 30-year Treasury yields will mount a sustained push over 5%.

That rate, which determines the US government’s long-term borrowing costs, briefly topped that level this week, leaving it hovering near a two-decade high and just below the peak of late-2023, when the Federal Reserve was still trying to contain the post-pandemic inflation surge.