US 30-Year Treasury Yields Reach 2002 High Amid Global Debt Sell-Off

Yields on the US Treasury's longest-dated bond have climbed for a sixth consecutive day, with the 30-year rate exceeding 5.61%, a level not seen since 2002. This significant increase reflects a broader sell-off in global debt markets, driven by persistent inflationary concerns and a substantial supply of new corporate debt. The rising yields indicate higher borrowing costs and potential economic headwinds.