Bond Market Revolt Pushes Treasury Yields to Multi-Decade Highs as Fed Signals More Rate Hikes

The 30-year Treasury yield surged to 5.46% on Thursday, its highest level since 2004, while the 10-year yield jumped to 5.15%, a peak not seen since 2006. Bond markets are in outright revolt as investors price in persistent inflation and further Fed tightening.

Behind the Data

Yields are spiking across the curve due to a toxic mix of stubbornly high oil prices, strong economic resilience, and the colossal capital demands of the AI infrastructure boom. Global...