U.S. Bond yields are hitting new highs after more upbeat economic data reinforced concerns about inflation. Many experts are hopeful and cited the booming of the U.S. economy behind the sharp rise of the bond yields. The 30-year US bond yield hit a fresh 22-year high and the benchmark 10-year yield reached a near 20-year high.
Yields have jumped recently on persistent worries about higher inflation, Reuters reported. New orders for key US manufactured capital goods increased more than expected in August and the previous month's figures were revised sharply higher, signalling another quarter of robust growth in business spending on equipment amid an AI buildout.
