30-Year US Treasury Yield Surpasses 5.19%, Highest Since Before the Financial Crisis
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AI Summary (NQ-processed)
As investors continue to sell off bonds over fears of resurgent inflation, U.S. Treasury yields rose on the 19th. The 30-year U.S. Treasury yield briefly touched 5.197%, a new high not seen since July 2007, nearly 19 years ago. Market analysts note that this trend reflects traders betting the Federal Reserve's (Fed) next move may be a rate hike instead of a cut, which could trigger a stock market correction if yields continue to climb.