The 30-year U.S. Treasury yield climbed to 5.63% on Wednesday, rising 14 basis points this week and reaching its highest level since June 2002. The advance extended its winning streak to seven sessions, the longest in two years, despite August PCE inflation holding at 3.4% year over year, below economists’ 3.7% forecast. Core PCE inflation, the Federal Reserve’s preferred gauge, was 3%, also below expectations of 3.3%. Treasury will buy up to $6 billion of 10- to 20-year bonds in Thursday’s liquidity-support operation, triple the previous $2 billion ceiling. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 0.7% to a fresh record low of $77.7.