Long Treasury yield hits 5.2% as bonds sell off (opens in new tab)

The yield on the 30-year U.S. Treasury rose to about 5.20% on Tuesday, its highest level since 2007, as selling in long-dated government debt intensified across major markets. Bloomberg reported that global long-bond yields climbed to levels last seen around the time of the global financial crisis, with strategists warning the losses could continue. Investors sold longer-maturity bonds as inflation concerns rose after higher oil prices linked to the U.S.-Iran war and uncertainty over the Stra...