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'There Could Be' More Pain To Come As Debt Costs Soar

Bloomberg Markets Thursday 24 September 2026, 10:24 UTC 1 min read
Key Points

Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007.

Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. JP Morgan Private Bank's Global Investment Strategy Co-Head Grace Peters joined Lizzy Burden and Stephen Carroll on Bloomberg radio to discuss. Christopher Pitt (Source: Bloomberg)
US (LOCATION) Treasuries (ORG) Brent (PERSON) JP Morgan Private Bank's (ORG) Global Investment Strategy Co- (ORG) Grace Peters (PERSON) Lizzy (PERSON) Stephen Carroll (PERSON) Bloomberg (ORG) Christopher Pitt (PERSON)
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