US Long Bond Yields Near Highest Level Since 2023

Yields on 30-year US Treasuries hovered near the highest levels in almost three years as investors tried to balance their worries over inflation with optimism that the US and Iran will eventually make progress toward a deal to end hostilities.

In a volatile start to the week, yields on the long bond climbed four basis points to 5.16% during Asian hours, the highest since 2023, before ending the session within striking distance of Friday’s close. Bond yields moved with oil prices, sliding late in the US trading session after President Donald Trump called off a planned strike against Iran on Tuesday.