US 30Y Note Yield Rises Above 5.37%, Highest Since June 2004
The US 30-year Note yield has risen above 5.37%, positioning it for its highest daily settlement since June 2004. This increase is driven by growing inflation and expectations of further rate hikes.
The bond market is under pressure as oil prices have climbed above $90 per barrel, contributing to these inflation and rate hike expectations. The move in the 30-year yield reflects broader market concerns about monetary policy and economic conditions. On Hyperdash,
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