🇺🇸Thirty-year Treasury yields reached their highest since 2007, while monthly federal interest costs remained above $100 billion.

The 30-year U.S. Treasury yield reached its highest level since 2007 during the week. One market update reported that the yield touched 5.34% intraday before partially retreating, amid elevated oil prices, geopolitical concerns, inflation worries, and government-debt concerns.

Federal interest spending increased from $76 billion in January to $107 billion in May. The reported monthly total subsequently remained above $100 billion, linking the rise in long-term borrowing costs with an already elevated federal interest-expense burden.

The long-duration bond selloff was not limited to the United States. Reports said 30-year French yields reached their highest since 2008, German yields rose to levels associated with 2011, U.K. long-term yields approached 6%, and comparable Japanese yields were near historical highs.