US 30-year yields hit highest level since 2007 as war, oil worries fester - Reuters
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- US 30-year Treasury yield topped 5.33%, a new 19-year high, driven by inflation and spending concerns (per CNBC)
- Global bond markets saw a broad slump that sent long-term borrowing costs higher, with stocks slipping as the Iran stalemate unsettled investors (per NYT and Reuters)
Why it matters: US long-term borrowing costs above 5.33% — the highest since 2007 — raise the cost of mortgages, corporate debt, and federal financing. The convergence of domestic inflation/spending worries with war-related oil price concerns compounds pressure on bond markets at a level not seen since before the 2008 financial crisis.
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