U.S. Treasury Yields Trade Close to Multidecade Highs
Dow Jones
Sep 29
0534 GMT - U.S. Treasury yields rise in Asia trade but remain slightly below the fresh multiyear peaks reached Monday. President Trump's rejection of Iran's proposal for demands to reopen the Strait of Hormuz triggered the latest selloff, pushing oil prices higher, even as more oil tankers cross the waterway. The 10-year Treasury yield rises 1.3 basis points on the day to 5.254%, hovering close to Monday's peak of 5.274%--the highest level since June 2007, according to Tradeweb. The 30-year Treasury yield is up 0.4 basis points at 5.565%, below Monday's 5.583%, a level last seen in 2002.
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