US 30-year yield hits highest since 2002 (opens the source in a new tab)
- Bond yield The annual return a bond pays at today's price; rising yields mean borrowing is getting dearer. at 5.29%, highest since 2007.
- Oil above $100 and Fed hike bets drive the sell-off.
- 5.62%
- 30-year, top since 2002
- 5.29%
- 10-year, post-2007 high
Why it matters Long rates set the price of every loan.
Other side Stocks near highs; cooler oil could ease it.