The yield on US 30-year Treasury bonds climbed to 5.29%, a record high since 2007. Investors are concerned about the growing size of US debt, massive issuance of treasury bonds, and continued stubborn inflation, driving up yields. AI-related companies' borrowing and financing, compounded by weakening demand for long-term bonds, put further pressure on them. Despite weakening employment, inflation, and retail data, and the market lowered expectations for short-term interest rate hikes by the Federal Reserve, the sell-off in US bonds continued. At the same time, long-term yields have risen, short-term yields have declined, and the yield curve has steeper.

The yield on US 30-year Treasury bonds climbed to 5.29%, a record high since 2007. Investors are concerned about the growing size of US debt, massive issuance of treasury bonds, and continued stubborn inflation, driving up yields. AI-related companies' borrowing and financing, compounded by weakening demand for long-term bonds, put further pressure on them. Despite weakening employment, inflation, and retail data, and the market lowered expectations for short-term interest rate hikes by the Federal Reserve, the sell-off in US bonds continued. At the same time, long-term yields have risen, short-term yields have declined, and the yield curve has steeper.