Yields on the longest-dated US Treasury bond climbed for a sixth consecutive session on Tuesday, crossing another key threshold as a global debt-market selloff intensified, Bloomberg reported.
The 30-year yield rose above 5.61%, reaching its highest level since 2002 and moving further into territory common before the low-interest-rate era that followed the global financial crisis and pandemic. Elevated energy prices added to inflationary pressure, while heavy corporate-debt issuance weighed on the market.
