The yield on the 30-year US Treasury bond rose to a 19-year high, according to a Reuters report, as concerns over the Federal Reserves commitment to curbing inflation prompted investors to seek greater protection against inflation risks. The 10-year US Treasury yield also crossed 4.70%.

U.S. Treasury yield hits its highest level since 2007. Fed pause in next three meetings at 42% YES.

The yield on the 30-year US Treasury bond rose to a 19-year high, according to a Reuters report, as concerns over the Federal Reserves commitment to curbing inflation prompted…