U.S. 30-year Treasury yield surpasses 5%... Long-term interest rate, highest since 2023

10-Year Long-Term Treasury Rate Trend. While the Base Rate is frozen, long-term treasuries continue to rise. (Source: EconoFact)

US long-term treasury rates are rapidly rising, adding tension to the market. As of the 9th (local time), the US 30-year Treasury rate recorded 5.010%, reaching its highest level since the end of 2023. At the same time, the 10-year rate is also rising to 4.503%.

This rate hike is interpreted as a result of accelerated selling pressure on long-term bonds due to inflation concerns following the Trump administration's high tariff policy, uncertainty in the Federal Reserve (Fed)'s monetary policy, and recession debates intersecting.

As interest rates rise, the borrowing costs for governments and businesses increase, and private financial conditions including mortgage rates worsen, potentially leading to overall consumer contraction and economic slowdown. Especially since long term treasury rates like the 30-year ones reflect investors' expectations and risks for the future, this sharp rise is accepted as an indicator of market-wide anxiety.

Market experts warn that interest rate volatility may continue for the time being and this could also affect high-risk assets like the stock market and cryptocurrencies.