The 30-year Treasury yield just touched 5.41%.
That's the highest level since late 2023. Long-term borrowing costs are rising, which matters for mortgages, corporate debt, and valuations of long-duration assets.
When the long end moves like this, it's usually telling you something about inflation expectations, fiscal concerns, or both. The market is repricing risk further out on the curve.
If you're holding bonds or rate-sensitive stocks, you're feeling it today.
That's the highest level since late 2023. Long-term borrowing costs are rising, which matters for mortgages, corporate debt, and valuations of long-duration assets.
When the long end moves like this, it's usually telling you something about inflation expectations, fiscal concerns, or both. The market is repricing risk further out on the curve.
If you're holding bonds or rate-sensitive stocks, you're feeling it today.
