U.S. 30-Year Treasury Yield Surges to Highest Level Since 2002 Amid Widening Fiscal Deficits

The yield on the 30-year U.S. Treasury bond climbed to around 5.70%, marking its highest level since 2002 as a renewed global bond sell-off pushed long-term sovereign borrowing costs higher.
The move reflects mounting investor pressure across the long end of the curve, driven by persistent inflation risks, heavy federal debt issuance, and tightening liquidity expectations ahead of further potential Federal Reserve rate action.
With the benchmark 10-year yield also hovering above 5.30%, the spike in 30-year paper underscores how surging term premiums and rising government supply continue to tighten broader financial conditions.