30-year Treasury yield hits highest level since 2007

Yields on 30-year US Treasury bonds broke through levels not seen since 2007, triggering a sell-off in long-dated debt and pushing down the price of TLT, the popular ETF that tracks long-term government bonds. The surge is being linked to mounting market anxiety over the US budget deficit, the scale of upcoming Treasury issuance, and uncertainty about the Fed's future rate path. Analysts note the move has rippled across the entire long end of the yield curve, raising borrowing costs for both corporations and the government. For private investors, this means newly purchased long bonds now offer more attractive yields, but existing holdings face further downside risk if rates keep climbing. Strategists are advising investors to favor shorter maturities until there's more clarity on monetary policy direction.