30-year Treasury yield tops 5.62% as U.S. stocks extend losses

  • U.S. Treasury yields climbed, sending New York stocks lower for a second day.
  • 5.62% was the intraday peak for the 30-year Treasury yield.
  • John Williams was linked to a later partial reduction in stock losses.

U.S. long-term Treasury yields surged on the 29th local time, pushing New York stocks to a second consecutive session of losses. The 30-year Treasury yield rose above 5.62% intraday, its highest level in roughly 24 years, dating back to 2002. Stock declines were later partly pared following an event involving John Williams, though the supplied report ends before providing his title or further details.

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