US 30-Year Treasury Yield Approaches Highest Level Since 2002

US 30-Year Treasury yields have risen for six consecutive days, nearly crossing a critical threshold and reaching their highest levels since 2002. This trend occurs amid a deepening selloff across global debt markets. The decline in US government debt is being driven by the pressures of inflation and surging oil prices, which continue to weigh heavily on the market as the longest-dated bond yields continue their upward trajectory during this period of volatility.