US Treasury bonds sell-off: 10-year and 30-year yields hit near 20-year highs

According to the Wall Street Journal, US Treasury bonds are facing a sell-off as investors reassess inflation, fiscal deficits, and long-term interest rate prospects. The 30-year Treasury yield approached 5.45% on Thursday, reaching its highest level since 2004, while the 10-year yield hit 5.14%, a high since 2007. Investors are demanding higher risk premiums due to concerns over expanding fiscal deficits and persistent inflation.