30-Year US Treasury Yields Jump to 5.35%, Highest Since 2007

Yields on long-term U.S. Treasury bonds surged to their highest levels since 2007, driven by a sharp rise in global oil prices and an unexpected increase in production costs, reigniting concerns about inflation and casting doubt on the likelihood of interest rate cuts by the Federal Reserve.

Data showed that the yield on 30-year U.S. Treasury bonds rose to 5.35% during Thursday’s trading session, marking its highest level since the global financial crisis in 2007.

At the same time, the 10-year bond yield breached the 4.9% threshold, approaching the psychological resistance level of 5%.