U.S. 30-Year Treasury Yield Hits 24-Year High.

The U.S. 30-year Treasury yield has climbed above 5.5%, reaching its highest level since 2004 as the bond selloff deepens. Rising inflation concerns, higher oil prices and expectations for tighter monetary policy are pushing long-term borrowing costs higher, creating additional pressure on mortgages, corporate financing and risk assets such as crypto.
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