US 30-Year Bond Yield Hits 24-Year High Amid Market Selloff
The US 30-year bond yield reached a fresh 24-year high of 5.7041% on Wednesday amid a renewed selloff in global bond markets. This rise came ahead of the Federal Reserve's September meeting minutes release. Inflation concerns, government debt worries, and rising oil prices, with Brent crude over $101 a barrel, contributed to the yield increase. Upcoming 10-year and 30-year Treasury auctions will test demand further.
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