The bond selloff has intensified on Thursday, with the yield on 30-year US Treasury bonds rising to their highest level since 2004 on Thursday after data indicated strong US growth and rising inflation pressures.
The yield on the 30-year US Treasury bond jumped more than 3 basis points to 5.444%, marking its highest since 2004.The 10-year US Treasury yield, the benchmark of the $29-trillion Treasury market that anchors pricing for virtually all financial assets globally, touched a new post-financial-crisis high of 5.145%. The two-year bond yield, which moves in tandem with Fed rate announcement expectations, meanwhile rose above 4.9%.
