30-year Treasury yield reaches 24-year high as bond selloff deepens

  • The bond selloff pushed the 30-year Treasury yield to a 24-year high.
  • Oil prices declined Tuesday while the slide in bonds continued.
  • Energy costs and a stronger economy have influenced interest-rate expectations.

The bond selloff pushed the 30-year Treasury yield to a 24-year high, extending a rise that has made yield milestones increasingly prominent. The move continued Tuesday even as oil prices declined. Since the start of the war in Iran, energy costs have been a key influence on bond yields, raising concerns that the Federal Reserve may need to keep increasing interest rates well into next year. Signs of a strengthening economy have also contributed to the market pressure.

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