US bond yields surged to their highest level in over a year, driven by speculation surrounding President-elect Donald Trump’s potential impact on financial markets. The 30-year Treasury yield rose as much as 5 basis points on Monday to 4.86%, its highest since November last year. This climb was partly due to reduced demand for the week’s first Treasury auction and intense competition from high-grade corporate bonds vying for investors’ attention.
Source: https://www.bloomberg.com/news/articles/2025-01-06/us-30-year-bond-yield-hits-highest-since-2023-ahead-of-auctions