US 30-year bond tops 5% in biggest jump since 2007
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The 30-year Treasury yield has surpassed 5% for the first time since 2007, reaching 5.046% at auction. This increase is attributed to rising inflation expectations driven by recent CPI and PPI reports and higher energy costs due to Middle East tensions. The higher yields may lead to increased mortgage and loan rates, potentially delaying purchases and investments for households and businesses.
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