The bond market just hit another red line.
The 30-year Treasury yield jumped to 5.44%, its highest level since 2004.
The 10-year is at 5.146%.
Long-term yields are rising as oil prices jump and inflation and fiscal concerns keep pressure on Treasuries.
This is becoming a very different rate environment.
1
210
Long-term bond yields are rising globally — the cost of capital continues to rise. Funds are moving from stocks to bonds. Reduce positions, go for short-term investments that are safer, and don't rush to buy.
📸: @macropaperr
54
