30-year Treasury yield tops 5.19%, highest since before the financial crisis
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- 30‑year Treasury yield rose to 5.183%, briefly hitting 5.197%, its highest level since July 2007.
- 10‑year Treasury note yield climbed to 4.687%, its highest since January 2025, and settled at 4.667% after a 4‑basis‑point gain.
- 2‑year Treasury note yield rose 3 basis points to 4.12%.
- Jim Lacamp warned that investors are dumping bonds as inflation fears revive, spurred by rising oil prices tied to the Iran conflict.
- Bank of America survey found 62% of global fund managers expect 30‑year Treasury yields to hit 6%, the highest level since late 1999.
Why it matters: Homebuyers face higher mortgage rates as yields climb, squeezing borrowing costs and weighing on consumer spending, while bond investors see price declines, eroding portfolio values.
