TechFlow News, May 18: U.S. long-term Treasury yields rose to their highest level in nearly three years amid a global bond market sell-off triggered by investor concerns over accelerating inflation. After U.S. President Trump increased pressure on Iran to reach an agreement ending the Iran war—causing oil prices to extend their upward trend—the 30-year Treasury yield surged by 4 basis points to 5.16%, its highest since October 2023. The 10-year and 2-year Treasury yields reached 4.63% and 4.10%, respectively—the highest since February 2025.
In Japan, the 30-year JGB yield spiked 20 basis points to 4.2%, hitting its highest level since its issuance in 1999. Bond traders often regard the 5% yield level on the 30-year U.S. Treasury as a “threshold,” believing it attracts bargain-hunting buyers. Gunjan Dangra, Head of U.S. Rates Strategy at BNP Paribas, stated: “There is no anchor point above 5%.” He advised clients to focus on the 30-year U.S. Treasury’s trading range of 5.25%–5.5%. (Jinshi)
