30-Year Treasury Yield Hits Highest Since 2007 as Global Bond Selloff Spreads

The 30-year Treasury yield touched 5.323 percent on Tuesday 18 August, its highest since 2007, in a selloff that has lifted long-term borrowing costs across the United States, Japan and Europe. The 10-year yield reached about 4.7 percent, and long-dated Japanese, German and French yields hit multi-decade highs. The move came weeks after a rare joint US-Japan intervention to buy yen, an operation…