U.S. Treasury Yields Hit Multi-Decade Highs Amid Fresh Selloff

U.S. Treasury yields surged to multi-decade highs Thursday as investors demanded greater compensation for rising fiscal, debt and inflation risks, adding pressure to crypto markets.\n\nThe 30-year Treasury yield approached 5.45%, reaching its highest level since 2004. The 10-year yield climbed as high as 5.14%, marking its highest point since 2007.\n\nThe sharp move reflects a broader reassessment of the U.S. government’s expanding budget deficit and debt burden, along with concerns that inflation could return. Investors are seeking higher long-term risk premiums as those concerns become more prominent in bond pricing.\n\nThe shift extends beyond expectations for the Federal Reserve’s short-term policy rate. Markets are increasingly placing greater weight on the long-term fiscal and inflation risks facing the United States, a dynamic that has reinforced the selloff in longer-dated government bonds.