Yield on 30-year Treasury Hits 2% for First Time Since Pandemic

The yield of the 30-year U.S. Treasury bond pushed past 2% Monday for the first time since February 2020, before the coronavirus pandemic roiled government-debt markets. The move comes amid a recent surge in yields of longer-term Treasury bonds compared with short-term debt, as traders bet that government stimulus will accelerate a rebound in economic growth. Bond investors closely watch the differential between interest rates on short and longer-dated Treasurys as a bellwether for growth and inflation, both of which can push bond yields up as the Federal Reserve raises short-term rates and investors demand higher returns to lend out capital.
Source: Wall Street Journal.