The Hill
The yield on the U.S. 30-year Treasury bond surpassed 5.3 percent on Tuesday before a slight downtick, foreshadowing an increase in borrowing costs across the country.
The 30-year bond yield is 5.284 percent as of Tuesday afternoon, after opening at 5.308 percent and peaking at 5.337 percent earlier in the day. That marked the highest yield for 30-year Treasury bonds since April 2007, when yields reached 5.44 percent.
After falling by two-tenths of a percentage point from the beginning of this year to late February, around the start of the Iran war, the 30-year bond yield has persistently increased. Meanwhile, a poll published in early July suggested a vast majority of Americans believed they were living through an affordability crisis.
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