30-Year Treasury Yields Remain Elevated Above 5% Threshold

WHO:

Marketplace.org - Stephen Laipply, global co-head of Bond ETFs at Blackrock

Marketplace.org - Ian Shepherdson, chairman of Pantheon Macroeconomics

Marketplace.org - Leslie Falconio, head of fixed income strategy at UBS Wealth Management

WHAT:

Yahoo Finance - The 30-year yield climbed to 5.19%, its highest level since May.

CNN - The war with Iran has cost the United States $37.5 billion, according to Defense Secretary Pete Hegseth.

Bloomberg Markets - The yield on the 10-year U.S. Treasury note rose to 4.71%, the highest level since January 2025.

Bloomberg Markets - Fed funds futures traders are pricing in a 71% chance of a rate hike in 2026.

CNBC - The yield on the 10-year U.S. Treasury note rose to 4.707%, the highest since January 15, 2025.

CNBC - The yield on the 2-year Treasury note rose 6 basis points to 4.364%.

CNBC - Brent crude futures for July delivery gained 7% to trade above $101 a barrel, marking the highest price since before the U.S. and Iran reached a tentative peace deal last month.

CNBC - Jobless claims for the week ended July 18 came in at 187,000, below the expected 212,000.

CNBC - Markets are pricing in a 36% chance the Federal Reserve hikes rates at its policy meeting next week, according to CME FedWatch.

CNN - The war with Iran has cost the United States $37.5 billion, according to Defense Secretary Pete Hegseth.

CNBC - The yield on the 30-year Treasury bond reached 5.185%, an increase of more than 3 basis points.

CNBC - Brent crude futures for July delivery gained 7% to trade above $101 a barrel, marking the highest price since before a recent peace deal between the U.S. and Iran.

CNBC - Weekly jobless claims for the week ended July 18 came in at 187,000, below the expected 212,000.

CNBC - Fed funds futures traders are pricing in an 82% chance that the Federal Reserve will raise interest rates at its September meeting, up from 52% one week prior.

Bloomberg Markets - US Treasury yields rose to their highest levels of the year as the threat of escalation in the Iran war sent oil prices higher, boosting expectations that the Federal Reserve could raise interest rates as soon as next week.

Marketplace.org - The yield on the 30-year Treasury bond has remained above 5% for about two weeks.

Marketplace.org - Investors are increasingly concerned about the U.S. government's large budget deficit, which has been described as "intractable" by Ian Shepherdson.

Marketplace.org - There is a "very large issuance boom in AI" that is providing alternatives to government bonds, according to Stephen Laipply.

Marketplace.org - Tech companies are offering high-paying, long-term bonds that are competing with U.S. Treasury bonds.

Bloomberg Markets - The US 30-year bond yield is trading above 5% for the longest stretch since the dawn of the financial crisis, raising alarms among investors.

Marketplace.org - The yield on the 30-year Treasury bond hit 5% and has remained above this threshold for about two weeks.

Bloomberg Markets - The US 30-year bond yield is trading above 5% for the longest stretch since 2007.

Marketplace.org - Government debt hit 100% of GDP in March.

WHERE:

Marketplace.org - United States

WHEN:

Marketplace.org - The last time the 30-year bond yield was above 5% for an extended period was in 2007.

WHY:

Bloomberg Markets - The rise in oil prices is contributing to increased expectations for a Federal Reserve interest rate hike.

Marketplace.org - Investors are demanding higher yields due to worries about the U.S. government's ability to repay its debt in 30 years.

Bloomberg Markets - Investor concerns are growing due to a rising debt pile and persistent inflation.

Marketplace.org - Investors are demanding higher yields due to concerns about the U.S. government's large budget deficit and the lack of a credible plan to reduce it.

Marketplace.org - There is a growing issuance boom in AI infrastructure, providing alternatives to government bonds.

HOW:

CNN - The bond market is adjusting to the start of Kevin Warsh’s term as Fed chairman, who took over in May after eight years with Jerome Powell.

CNN - The bond market is adjusting to the start of Kevin Warsh’s term as Fed chairman, who took over in May after eight years with former Fed Chair Jerome Powell.

Marketplace.org - Long-term investors are responding to market conditions by seeking higher yields on bonds, influenced by the competition from tech companies' bonds.

Marketplace.org - Long-term investors are responding to market conditions by seeking higher yields on bonds.

(UPDATED July 23, 2026 19:23 UTC)

The bond market is reacting to the start of Kevin Warsh’s term as Fed chairman, which began in May after Jerome Powell's eight-year tenure. In related news, the yield on the 30-year Treasury climbed to 5.19%, marking its highest level since May, while the 10-year note rose to 4.71%, the highest since January 2025. Additionally, Defense Secretary Pete Hegseth reported that the ongoing war with Iran has cost the United States $37.5 billion, and traders are now pricing in a 71% chance of a rate hike in 2026.

(UPDATED July 23, 2026 17:23 UTC)

The yield on the 10-year U.S. Treasury note has climbed to 4.707%, marking the highest level since January 15, 2025, while the 2-year Treasury note rose by 6 basis points to 4.364%. In the commodities market, Brent crude futures for July delivery surged 7% to trade above $101 a barrel, the highest price since before the recent U.S.-Iran peace deal, as the war with Iran has cost the United States $37.5 billion, according to Defense Secretary Pete Hegseth. Meanwhile, jobless claims for the week ended July 18 came in at 187,000, which is below the anticipated 212,000, as markets are now pricing in a 36% chance of a Federal Reserve rate hike at its upcoming policy meeting next week.

(UPDATED July 23, 2026 16:24 UTC)

The yield on the 30-year Treasury bond has climbed to 5.185%, marking an increase of more than 3 basis points. In the commodities market, Brent crude futures for July delivery surged by 7% to trade above $101 a barrel, reaching their highest price since before a recent peace deal between the U.S. and Iran. Meanwhile, weekly jobless claims for the week ended July 18 came in at 187,000, which is notably below the expected 212,000, and traders are now pricing in an 82% chance that the Federal Reserve will raise interest rates at its September meeting, up from 52% just a week ago.

(UPDATED July 23, 2026 14:43 UTC)

US Treasury yields have surged to their highest levels of the year, driven by rising oil prices amid escalating tensions in the Iran war. This spike in oil prices is fueling heightened expectations that the Federal Reserve may raise interest rates as soon as next week. As the market reacts to these developments, investors are closely monitoring the situation for any further implications.

(UPDATED July 23, 2026 11:37 UTC)

The yield on the 30-year Treasury bond has stayed above 5% for about two weeks, as investors express growing concerns over the U.S. government's substantial budget deficit, which has been labeled "intractable." In response to these worries, long-term investors are seeking higher yields, influenced by a significant boom in AI-related bond issuances and the attractive, high-paying long-term bonds being offered by tech companies that are competing with U.S. Treasury bonds. As a result, the landscape for bond investments is shifting, with investors increasingly looking for alternatives amid fears about the government's ability to repay its debt over the next three decades.

(UPDATED July 23, 2026 06:48 UTC)

The US 30-year bond yield is now trading above 5% for the longest stretch since the onset of the financial crisis, raising alarms among investors. Concerns are mounting as the rising debt pile and persistent inflation continue to weigh heavily on the market. This situation has many investors on edge, prompting a closer look at the economic landscape.

(UPDATED July 23, 2026 05:54 UTC)

The yield on the 30-year Treasury bond has reached 5% and has remained above this threshold for about two weeks, marking the longest stretch above this level since 2007. This increase in yield is driven by investor concerns over the U.S. government's significant budget deficit and the absence of a credible plan to address it, alongside a booming issuance in AI infrastructure that offers alternatives to government bonds. As a result, long-term investors are adjusting their strategies to seek higher yields in response to these market conditions.