WS #14766
The 30-year Treasury yield has surged to its highest level since 2004, defying Treasury Secretary Bessent's expanded buyback interventions and signaling a structural shift in long-term rate expectations. With global debt topping $365 trillion and investors demanding higher yields, the bond market rout is creating a headwind for rate-sensitive sectors like real estate and high-growth tech. The persistence of yields near 5% suggests that fiscal deficits and inflation expectations are firmly anchoring the long end of the curve higher.
US Bond Market Rout
The 30-year Treasury yield has surged to its highest level since 2004, defying Treasury Secretary Bessent's expanded buyback interventions and signaling a structural shift in long-term rate expectations. With global debt topping $365 trillion and investors demanding higher yields, the bond market rout is creating a headwind for rate-sensitive sectors like real estate and high-growth tech. The persistence of yields near 5% suggests that fiscal deficits and inflation expectations are firmly anchoring the long end of the curve higher.