30-year bond yield now highest in 20+ years

AI Summary

The 30-year U.S. Treasury bond yield reached a two-decade intraday high of 5.45% before slightly dropping later in the trading session. This peak reflects market reactions amid evolving economic conditions and investor sentiment about long-term debt instruments.

The 30-year U.S. Treasury bond yield hit a two-decade high on Thursday, before lowering later in the morning. The yield on the 30-year bond reached 5.45 percent during late morning trading, the highest intraday mark since 2004. That peak came after the note hit 5.446 percent and sank by roughly 2 basis points earlier Thursday.…