“A bearish tone is taking hold in the Treasury market amid worries over the risk of tariff-fueled inflation and increased government spending in some of the world’s biggest economies,” Bloomberg reports.
“The 30-year Treasury yield climbed above 5% for the first time since early June, and there were large flows seen in options bets costing a combined premium of about $10 million that target a jump to around 5.
3% within roughly five weeks. The rate on the long bond hasn’t been that high since 2007.”