US Treasury Yields Rise, 30-Year Nears Longest Stretch Above 5% Since 2007 Amid Fiscal Concerns

The US Treasury market is experiencing a renewed selloff, with the 30-year Treasury yield trading above 5% for the longest stretch since 2007. This reflects investor concerns about a growing national debt pile and persistent inflation, which remains above the Federal Reserve's 2% target. The 10-year Treasury note yield also rose to 4.65% on July 22, reaching a two-month high, driven by ongoing geopolitical tensions in the Middle East and rising oil prices.