Benchmark Treasury yield breaks to new highs, but the move is looking stretched

BENCHMARK TREASURY YIELD BREAKS TO NEW HIGHS, BUT THE MOVE IS LOOKING STRETCHEDLong-dated Treasury yields continue to climb as the bond selloff shows few signs of easing.The 30-year Treasury yield rose above 5.44% on Thursday, its highest level since 2004, while the benchmark 10-year yield climbed…