30-Year Yields Hit 19 Year High as Inflation Fears Spark Bound Rout

Fears of inflation and forecasts of Fed hikes have sent bonds plunging, lifting yields on Treasuries to multi-year highs.

The yield on the 30-year Treasury touched 5.197 percent, the highest since 2007, before retreating slightly to 5.18 percent. Bond yields move up as prices fall.

The yield on 10-year Treasuries rose as high as 4.687 percent and then slipped to 4.667 percent. Two-year yields rose to 4.12 percent.

The fed funds swaps market, which allows investors to bet on Fed policy rate moves, now shows a better-than-even chance that the Fed will hike by the end of this year. The market gives no chance of a rate cut this year. Even as far…

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