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The 30-year U.S. Treasury bond yield climbed to its highest level since 2002 on Tuesday, extending a broader rise in long-term yields amid growing concerns about central bank monetary policy and fiscal sustainability. Yields across the curve largely rose in tandem. The move adds pressure to borrowing costs across the economy, from corporate debt deals to mortgages, and reflects investor unease about inflation persistence and government debt issuance.
Sources:CNBC Top News