Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates.
The 30-year yield rose as much as seven basis points to 5.20% on Tuesday, a level last seen in 2007, on the eve of the global financial crisis. Bond markets across Europe and Japan also fell, while the selloff spilled over into US equity markets.
