US 30-Year Treasury Yield Hits 5.6959%, Highest in 24 Years
Summary
- The 30-year US Treasury yield rose as high as 5.6959% during trading, reaching its highest level in 24 years.
- The 30-year US Treasury yield later traded at 5.689%, up 5.89 basis points from the previous session.
- Rising Treasury yields put long-dated Treasury prices under pressure.
Forecast Trend Report by Period
The yield on the 30-year US Treasury climbed as high as 5.6959% during trading, reaching its highest level in 24 years.
Walter Bloomberg reported on October 5 that the 30-year Treasury yield rose to 5.6959% intraday.
It later traded at 5.689%, up 5.89 basis points from the previous session.
Because Treasury yields and bond prices move in opposite directions, long-dated Treasury prices came under pressure that day.
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