Global bond selloff rolls on, US 30-year yield at highest since 2004 - Reuters — SkimNews
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- Global bond markets extended their selloff, with the US 30-year Treasury yield reaching its highest level since 2004, according to Reuters.
- Bond markets grew increasingly volatile during the selloff, which Reuters' 'Trading Day: Rout of control' commentary framed as the defining market action of the session.
- Oil prices rose alongside the bond rout, a pairing highlighted in the New York Times' coverage as a concurrent market development.
Why it matters: A 30-year Treasury yield at its highest since 2004 — a roughly two-decade peak — directly raises long-term borrowing costs for mortgages, corporates, and the US government, while Yahoo Finance's headline frames it as a direct pressure point for equities already under strain.
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