U.S. 30-year Treasury yield jumps to 5.1%

JUST IN: The U.S. 30-year Treasury yield has jumped to 5.1%.
That is a major move at the long end of the curve.
Higher long-term yields raise borrowing costs across mortgages, corporate debt, and government financing.
They also put pressure on long-duration assets like growth stocks.
For $UST, the bond market is still demanding more compensation for inflation, deficits, and supply risk.