US 30-year Treasury yield climbs to 5.31%, highest since 2007
Why it matters: Higher long-term rates can raise borrowing costs for mortgages, autos and federal debt as oil prices add inflation pressure.
The yield on the 30-year US Treasury rose to 5.31% on Monday, its highest level since 2007, as investors sold long-dated government bonds amid concern over persistent inflation, heavy federal borrowing and rising oil prices. The 10-year Treasury yield climbed to about 4.72%, while the 2-year note rose to 4.18%. West Texas Intermediate settled at $84.50 a barrel and Brent at $90.87, adding to worries that energy costs could keep price pressures elevated. Analysts at Barclays said the sell-off in longer maturities reflects growing focus on fiscal sustainability, large Treasury issuance and borrowing tied to the AI investment boom, even as some recent US inflation and retail sales data came in softer.