High Interest, Low Confidence: The Treasury Yield Conundrum The yield on the 30 year Treasury bond has hit a new 19 year high, reaching its highest level since 2002.
This development serves as a warning light for anyone invested in or concerned about the US economy. Concerns over inflation are driving this surge.
Although recent readings have shown low price increases in June and July, the annual rate remains above the Fed's 2% target.