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Story summary
- The 30-year U.S. Treasury yield rose to 5.34% on Tuesday, its highest since 2007.
- Higher yields push France, Germany and Japan to multi-year or 30-year highs and raise borrowing costs for governments in the United States, United Kingdom, France, Japan and others.
- Limited communication from Federal Reserve Chair Kevin Warsh adds uncertainty to interest-rate expectations.
- U.S. stocks slipped on Tuesday, with the S&P 500 down 0.5% and the Nasdaq down 1%.
