30-Year Treasury Yield Hits Highest Since 2007 as Global Bond Selloff Deepens
Long-term government bond yields are surging globally, with the US 30-year Treasury yield climbing to its highest level in nearly two decades. Japanese super-long bond yields have simultaneously hit multi-year highs, driven by mounting concerns over inflation and government spending. A critical Japanese government bond auction is now in focus as a live test of whether demand can stabilize the selloff.
Rising long-term yields are a direct headwind for stocks, particularly high-growth and rate-sensitive sectors, because they raise the cost of borrowing and make bonds a more competitive alternative to equities. Real estate investment trusts (REITs), utilities, and tech-heavy funds are most exposed. If the Japanese auction disappoints, the selloff could accelerate and hit global risk assets hard.
Upcoming Japanese super-long bond auction (watch for results within days). US Treasury auctions scheduled throughout May 2025. Next Federal Reserve meeting: June 17-18, 2025.
- Crucial Japan Bond Sale to Test Market as Global Selloff Deepens · Bloomberg
- US inflation fear indicator hits highest level since before global financial crisis · The Straits Times Business
- 30-Year Yield Rises as Bond Selloff Deepens · Bloomberg
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