The yield on the US government's longest-term treasury bond rose to its highest level in more than 20 years. At a time when inflation and fiscal concerns are driving the bond market to continue to sell off, this is another milestone in US bond yields. As the price of Brent crude oil rose, the 30-year US Treasury yield rose 4 basis points to 5.44% on Thursday, the highest since 2004. US bond yields have risen sharply this week, and yields for all maturities are already near their high levels since 2007. “People can hardly find more exaggerated words to describe 30-year US Treasury yields,” said Ed Al-Hussainy, portfolio manager at Columbia Threadneedle. “The investors meant, 'If we were to lock our money in for 30 years, we would need much higher compensation. '”

The yield on the US government's longest-term treasury bond rose to its highest level in more than 20 years. At a time when inflation and fiscal concerns are driving the bond market to continue to sell off, this is another milestone in US bond yields. As the price of Brent crude oil rose, the 30-year US Treasury yield rose 4 basis points to 5.44% on Thursday, the highest since 2004. US bond yields have risen sharply this week, and yields for all maturities are already near their high levels since 2007. “People can hardly find more exaggerated words to describe 30-year US Treasury yields,” said Ed Al-Hussainy, portfolio manager at Columbia Threadneedle. “The investors meant, 'If we were to lock our money in for 30 years, we would need much higher compensation. '”