QUICK SPARK: 30-Year Treasury Yields Top 5.6%, Hitting 24-Year Highs
Inflation came in cooler than expected on Wednesday. Long-term U.S. bond yields rose anyway. The 30-year Treasury yield climbed to 5.63%, up 14 basis points this week and the highest level since June 2002. With today’s move, 30-year yields have risen in each of the past seven sessions, the longest streak in two years.