US 30-year Treasury streak: how will 5% yields reshape global capital flows?

As hopes fade for lower interest rates in the United States, 30-year Treasury yields have remained above 5 per cent for one of their longest stretches in nearly two decades, fuelling debate over whether elevated borrowing costs are here to stay or may be approaching a ceiling. The long bond’s yield traded above 5 per cent for a 13th consecutive trading day on Thursday – the longest sustained streak since 2007. The extended duration has raised alarm among investors and analysts assessing the...