US Treasury’s 30-year bond yields surged to nearly two-decade highs as accelerating inflation concerns and rising energy prices fueled a global debt market selloff. Investors are demanding higher compensation for longer-maturity debt due to mounting government deficits and fears of further central bank interest rate hikes. This trend could increase borrowing costs and potentially slow the US economy.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets