30-Year Bond Yield Hits 5.353 Percent Amid Bitcoin Drop

US 30-year bond yields hit 5.353%, a level last seen in June 2007, as rising inflation signals from strong PPI data and oil prices topping $100 fueled concerns over the Federal Reserve's rate-cut timeline.
New data from GN auto markets/bonds reveals that the surge was triggered by a hotter-than-expected August PPI print and oil prices breaking above $100, while the 10-year Treasury yield also crossed the 4.9% mark.
Source: GN auto markets/bonds: bond yieldsThe US 30-year bond yield reached 5.353 percent, a level last seen in June 2007.
Source: Cointelegraph






