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

Yields on 30-year US Treasury bonds reached 5.44% on Thursday, the highest level since 2004, after rising four basis points following a jump in Brent crude oil prices. Yields across multiple bond maturities climbed to their highest levels since 2007 during the week. The move reflects ongoing bond market declines attributed to inflation and fiscal concerns.

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