PANews News on September 24, according to the Wall Street Journal, as investors reassess the outlook for U.S. inflation, fiscal deficits, and long-term interest rates, ultra-long-term bonds are under pressure, and the "long-term high yield" trend in the global bond market has further strengthened. The U.S. Treasury market suffered a new round of selling, with the 30-year U.S. bond yield continuing to reach its highest level since 2004. The U.S. 30-year Treasury bond yield was close to 5.45% on Thursday, continuing to reach its highest level since 2004. The yield on the 10-year U.S. Treasury note once reached 5.14%, a new high since 2007. The rapid rise in yields reflects that investors are demanding higher compensation for long-term risk in response to the continued expansion of the U.S. fiscal deficit, rising government debt and the risk of a return to inflation. The core change in the bond market is that investors no longer focus solely on the Fed's short-term policy interest rates,
PANews News on September 24, according to the Wall Street Journal, as investors reassess the outlook for U.S. inflation, fiscal deficits, and long-term interest rates, ultra-long-term bonds are under pressure, and the "long-term high yield" trend in the global bond market has further strengthened. The U.S. Treasury market suffered a new round of selling, with the 30-year U.S. bond yield continuing to reach its highest level since 2004.
The U.S. 30-year Treasury bond yield was close to 5.45% on Thursday, continuing to reach its highest level since 2004. The yield on the 10-year U.S. Treasury note once reached 5.14%, a new high since 2007. The rapid rise in yields reflects that investors are demanding higher compensation for long-term risk in response to the continued expansion of the U.S. fiscal deficit, rising government debt and the risk of a return to inflation.
The core change in the bond market is that investors no longer focus solely on the Fed's short-term policy interest rates, but have begun to reprice U.S. long-term fiscal and inflation risks.