US 30Y Yield Hits 2004 High on Strong Data, Hawkish Fed, Oil

Long-term US Treasury yields surged to multi-decade highs after stronger-than-expected US economic data, elevated oil prices, and hawkish Fed commentary. The 30-year yield reached its highest since 2004, and the 10-year exceeded 2007 levels. This signals persistent inflation and growth concerns, pressuring rate-sensitive assets and potentially tightening financial conditions.