A sell-off in U.S. government bonds is pushing Treasury yields higher, raising borrowing costs across the economy and increasing pressure on households, companies, financial markets and the federal budget, according to a report by Reuters.
The 30-year Treasury yield has climbed to its highest level in nearly two decades as investors weigh rising government borrowing, resilient economic growth, inflation risks linked to Middle East energy disruptions and the possibility that the Federal Reserve could keep interest rates elevated for longer.
