30-Year Treasury Yield Tops 5.5% for First Time Since 2004

The 30-year U.S. Treasury yield climbed above 5.5% for the first time since 2004, reflecting mounting upward pressure on long-term borrowing costs.
The milestone comes as persistent inflation concerns, resilient economic activity, and heavy fiscal supply weigh on fixed-income markets, pushing long-duration yields to multi-decade highs and tightening financial conditions across mortgage and corporate debt markets.