Treasury yields hit 2007 levels as inflation pressures mount
Complete. Here is the key summary30-year Treasury yields surged to 5.18%, their highest level since 2007, driven by mounting inflation pressures. Core PCE inflation rose to 3.3% in April as energy costs spread through the economy. This spike has raised concerns regarding stock market valuations and prompted advisors to recommend modern budgeting tools as traditional models struggle under high living costs.
Inflation spike: Core PCE inflation rose to 3.3% in April, with oil-driven energy costs spreading through the economy. Yields at 20-year highs: 30-year Treasury yields hit 5.18%, a level not seen since 2007, raising concerns over stock market valuations. Budgeting shifts: Advisors urge modern tools and realistic spending rules as traditional budgeting models falter under high living costs.