<div id="readability-page-1"><p>The 30-year Treasury yield continues to rise amid expectations of elevated inflation, tallying at 5.18%, its highest level since April 2007. A stronger-than-expected economy is also driving the rally, as growth lowers the need for rate cuts and supports higher rates for longer. Even higher yields could be on the way, according to Citigroup macro rates strategist Jim McCormick.</p><h3>Claim 55% Off TipRanks</h3>Trade QQQ with leverage <p>McCormick believes that 5.5% is the new test for yields as inflation shows no signs of slowing down. &#34;Investors' calculus in terms of buying the dip on Treasuries has changed,&#34; he said.</p> <h2><strong>Yields Eye 6% as Oil-Driven Inflation Fuels Surge</strong></h2> <p>Barclays echoed McCormick's claim, while a Bank of America survey showed that 66% of fund managers expect the yield to breach 6% over the next year, a level not seen since June 2000. </p> <p>Rising oil and gas prices stemming from the closure of the Strait of Hormuz have boosted yields as the U.S.-Iran war drags on. A resolution to the conflict could provide some relief for bondholders, as easing energy prices would likely reduce inflation pressures and pull yields lower.</p></div>

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<p>The 30-year Treasury yield has surged to 5.18%, the highest since April 2007, driven by expectations of persistent inflation and a robust economy. Citigroup's Jim McCormick suggests yields may test 5.5%, while a Bank of America survey indicates 66% of fund managers foresee yields exceeding 6% within a year. Rising oil prices, influenced by geopolitical tensions, are contributing to this trend, although a resolution could ease inflation and lower yields.</p>

- The 30-year Treasury yield is at 5.18%, the highest since April 2007, driven by expectations of high inflation and a robust economy.  
- Analysts predict yields may approach 6% within the next year due to rising oil prices and ongoing geopolitical tensions, as indicated by a Bank of America survey.  
- A potential resolution to the U.S.-Iran conflict could alleviate inflationary pressures, potentially stabilizing or lowering yields in the future.

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30-Year Treasury Yield Rallies to 19-Year High. Is More Upside on the Way?