Treasury Yields Spike to 19-Year High as Fed Minutes Awaited for Rate Clues

The 30-year Treasury yield touched 5.33% on Tuesday, its highest level since 2007, before pulling back slightly. This surge in long-term borrowing costs is pressuring tech stocks and threatening to tighten financial conditions, even as recent soft inflation and jobs data have reduced expectations for a September rate hike.

Trade Routes

• Fed Minutes: The July FOMC meeting minutes will be released Wednesday, revealing the depth of a hawkish split where **three regional...