The yield on the U.S. 30-year bond rose to a fresh 24-year high on Wednesday, marking a renewed move higher in the long-term government debt market.
Global bond selling resumes
The increase came as a selloff in global bond markets resumed. The broader retreat had eased temporarily a day earlier, but selling pressure returned on Wednesday.
The latest move places the 30-year U.S. bond yield at its highest level in 24 years. The source information does not provide a specific yield figure or further details on the factors behind the renewed selling.
Why the move matters
The 30-year bond is a closely watched part of the U.S. government debt market. A fresh multi-decade high in its yield highlights the scale of the current movement across long-term bonds, while the renewed global selloff shows that the pressure is not limited to one market.
Further developments will depend on how the broader bond-market selloff evolves, but no additional outlook was provided.