Shares of banks and other financial institutions rose alongside Treasury yields.

Shares of banks and other financial institutions rose alongside Treasury yields.

The U.S. national debt approached $39 trillion as analysts warned about long-term inflation

Higher yields can drive up rates for mortgages and loans going to companies to build AI data centers, which has been a big source of growth for the economy.

The 30-year U.S. Treasury yield rose six basis points to 5.2% on Tuesday, its highest level since 2007, threatening to raise the cost of borrowing.