Amid investor concerns over a sharp rise in inflation triggering a global bond sell-off, and after US President Donald Trump renewed pressure on Iran to swiftly reach an agreement to end the Iran war, oil prices further extended gains. This pushed the 30-year US Treasury yield up by 4 bps at one point to 5.16%, marking the highest level since October 2023.The 10-year and 2-year US Treasury yields also touched 4.63% and 4.10%, respectively, both reaching their highest levels since February 2025. Japans 30-year government bond yield also surged by 20 bps to 4.2%, the highest level since its introduction in 1999.Related NewsRetail Sales MoM for Apr in the United States is 0.5%, lower than the previous value of 1.7%. The forecast was 0.5%.Bond traders have often viewed the 5% threshold for the 30-year US Treasury yield as a floor attracting bargain hunters. However, the recent sharp surge in long-term yields is challenging this traditional view and may push up global borrowing costs. (mn/da)
AASTOCKS Financial News