US 30-year treasury yield hits fresh four-year high
|- The long-duration treasury yields continue to rise.
- The yield curve steepening may embolden the hawks at the Fed.
The yield no the US 30-year treasury note rose to a fresh four-year high of 3.4302 percent in Asia.
Meanwhile, the spread between the 30-year yield and the 5-year yield 35 basis points - the highest level since May 29.
The steepening of the treasury curve - yields at the long end rise more than the yields at the short end - could embolden the Fed that it can continue to tighten further.
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