30-Year Yield Hits 5%: Is “Sell America” Back in Play After Moody’s Move?
Big news from the bond world. The 30-year U.S. Treasury yield has crossed 5%. That’s the highest in many years. We haven’t seen this level since 2007. And it’s making people nervous. As of this week, the 30-year yield hit 5.02%. That’s a jump from just 3.9% earlier this year. It didn’t happen alone. Moody’s…