US 30-year yields surge to 25-year high as inflation fears and deficits loom
US long-dated borrowing costs jumped, with the 30-year Treasury yield around 5.216%—the highest since 2001—as investors demand more compensation amid inflation risk and mounting deficits tied to fiscal policy. The UK faces renewed scrutiny of its Zero Emission Vehicle mandate, with critics warning a review could deter EV investment and infrastructure. The day also brings weak US retail sales data and a drop in consumer confidence, while UK equities slip for a fifth straight session.
