US 30-Year Yield Hits Highest Since 2007 on Inflation Angst

The yield on the 30-year U.S. Treasury bond surged to its highest level since 2007 on Tuesday as investors grew more anxious about inflation risks and the Federal Reserve’s aggressive stance on interest rates. By mid-morning in New York, the benchmark 30-year Treasury yield rose above 4%, according to Tradeweb data. The move comes after a series of hikes by the Fed aimed at curbing price pressures, but also amid signs that inflationary pressures are sticking around longer than expected. "Higher yields reflect market expectations for continued high inflation and higher interest rates in the U…