Long-Dated Treasuries Near 19-Year Peak, Analysts See More Upside

The yield on the 30-year U.S. Treasury rose to about 5.311%, its highest since June 2007, with strategists warning it could climb to the 5.60%–5.70% range as global demand shifts, foreign holders trim positions, and the Fed potentially tightens further amid persistent inflation and supply pressures. Factors include spillovers from Japan’s rates, ongoing heavy debt issuance, and energy-driven inflation risks that could keep long-dated bonds pressured even if U.S. data softens.