---
title: "Bond market turmoil drives yields to multi-decade highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287038133.md"
description: "Bond market turmoil has driven yields to multi-decade highs, with the 30-year Treasury yield reaching its highest level since before the Great Recession and Japan’s long bond yields hitting all-time highs. Veteran investor George Noble advises against long-dated bonds, favoring energy and gold miners, while others see potential in short-term bond funds. Market participants are closely monitoring the upcoming meeting of new Fed Chair Kevin Warsh amid inflation and geopolitical tensions affecting rate cut expectations."
datetime: "2026-05-20T09:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287038133.md)
  - [en](https://longbridge.com/en/news/287038133.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287038133.md)
---

# Bond market turmoil drives yields to multi-decade highs

Yields hit records: The 30-year Treasury yield reached its highest level since before the Great Recession, while Japan’s long bond yields hit all-time highs. Investor strategies diverge: Veteran investor George Noble urges avoiding long-dated bonds in favor of energy and gold miners, while others see opportunity in short-term bond funds. Fed policy uncertainty: Markets are watching new Fed Chair Kevin Warsh’s first meeting in June, with inflation and geopolitical tensions complicating rate cut prospects.

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