US 30-year Treasury yields hit highest level since 2007

The yield on 30-year US Treasury bonds has climbed above 5.23%, reaching its highest level since June 2007. This surge follows the Federal Reserve's decision to maintain interest rates under the leadership of Kevin Warsh.

The sudden spike in yields, which moved from 5.09% to 5.23% in a matter of minutes, has triggered significant market volatility and massive bond sell-offs. This shift marks an end to the era of low-cost financing and is expected to increase mortgage rates, potentially impacting the real estate market and financial asset valuations.