30-Year Treasury Yields Breaks Past 4.94%
Longer-term bonds sold off on Tuesday as fears about stronger economic growth pressured demand for safer investments.
The 30-year yield briefly touched 4.942%. If it closes at that level, it’ll be the highest since Jan. 14, when yields closed at 4.983%.
Higher yields create opportunities for investors to step in and buy, but given yields move inversely to bond prices, it also means lower prices for the trillions of dollars in government bonds held by investors.
Latest News
- DRC may impose stricter cobalt export curbs
- UnitedHealth Group Is Under Criminal Investigation for Possible Medicare Fraud
- UnitedHealth stock craters, hitting 5-year low after new report reveals possible Medicare fraud probe
- Stocks to Watch Thursday: Apple, UnitedHealth, Foot Locker
- Oil Futures Fall on Possible Iran Deal, Supply-Demand Outlook
- UnitedHealth under criminal probe for possible Medicare fraud, WSJ reports