U.S. 30-year yield set for longest run above 5% since 2007, raising Washington’s interest rate bill

The 30-year U.S. Treasury yield traded above 5% for a 14th straight day, the longest streak since 2007, lifting the government’s long-term interest-rate bill. The persistence of yields over 5% implies ongoing pressure from higher-for-longer rates and potentially higher borrowing costs across the long end.

Analysis

The 30-year U.S. Treasury yield traded above 5% for a 14th straight day, the longest streak since 2007, lifting the government’s long-term interest-rate bill. The persistence of yields over 5% implies ongoing pressure from higher-for-longer rates and potentially higher borrowing costs across the long end.