WS #15350
The US bond market is undergoing a severe repricing event, with the 20-year yield surging to a 24-year high of 5.735% and the 30-year yield extending its rally to new peaks. This spike in long-end rates is creating immediate liquidity friction for municipal bond borrowers, who are now delaying refinancing deals due to prohibitive costs. The move signals a loss of confidence in US fiscal trajectory and pressures any asset class sensitive to long-duration discounting, including REITs and high-growth tech.
Treasury Yields and Duration Selloff
The US bond market is undergoing a severe repricing event, with the 20-year yield surging to a 24-year high of 5.735% and the 30-year yield extending its rally to new peaks. This spike in long-end rates is creating immediate liquidity friction for municipal bond borrowers, who are now delaying refinancing deals due to prohibitive costs. The move signals a loss of confidence in US fiscal trajectory and pressures any asset class sensitive to long-duration discounting, including REITs and high-growth tech.