🇺🇸 The yield on 30-year U.S. Treasury bonds just hit its highest level since 2007.
A big sell-off in government bonds pushed the rate to around 5.3%.
When investors dump bonds, prices fall and yields rise.
Higher long-term rates make it more expensive for the government, businesses and homebuyers to borrow money.
Markets are reacting to growing concerns over America’s debt, ongoing inflation and a flood of new bond issuance.
A big sell-off in government bonds pushed the rate to around 5.3%.
When investors dump bonds, prices fall and yields rise.
Higher long-term rates make it more expensive for the government, businesses and homebuyers to borrow money.
Markets are reacting to growing concerns over America’s debt, ongoing inflation and a flood of new bond issuance.