my timesThe Korea Times

Yield on 30 year U.S. Treasury bonds hits highest since 2007

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A Wall St sign hangs at the New York Stock Exchange (NYSE) at Wall Street on March 23, 2021 in New York City. AFP-Yonhap

Yields on long-dated U.S. government bonds hit their highest since 2007 on Tuesday, echoing the sharp rise across the rest of the Treasury curve this week, as investors fret about the prospect of rates remaining higher for longer.

The yield on the 30-year Treasury bond rose by as much as 7.5 basis points on the day to a session peak of 4.871%, its highest since 2007.

Benchmark 10-year yields were up 6 bps on the day at 4.74%, also at their highest since late 2007.

The gap between two-year and 30-year yields rose to -26 bps, its narrowest since mid-May, reflecting how investors are focussing on the chances of rate rises in the near term. (Reuters)