The yield on the United States 30-year Treasury note has surpassed 5.37%, placing the instrument on course for its highest daily settlement since June 2004. This surge reflects intensifying pressure across the bond market as fixed-income assets face significant selling momentum.
Simultaneously, crude oil prices have climbed back above $90 per barrel. This appreciation in energy costs is contributing to a rise in both inflation forecasts and expectations for future interest rate hikes, further straining the valuation of long-term debt securities.