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30-year yield breaks above 5% as Treasurys selloff picks up on inflation
Tuesday's steady trading immediately following the June CPI release gave way to a selloff in Treasurys that was sending the yield on the longest-dated maturity toward its highest level since May. The 30-year yield rose as much as four basis points to an intraday high of 5.
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Treasury yield fell but yields remained elevated and would likely stay around current levels due to reduced expectations for Fed rate cuts, Exness said.
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Treasury yields were declining Wednesday morning after fresh data showed wholesale inflation in the U.S. was flat in June. The yield on the 10-year Treasury note was trading down about 3 basis points ...
1don MSN
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