U.S. Treasury yields reached fresh multi-decade highs after stronger-than-expected business-spending data reinforced concerns about economic strength and InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More. Higher yields could increase borrowing costs and add pressure on financial markets.
U.S. Treasury yields extended their rise after stronger-than-expected business-spending data. Reuters reported the 30-year yield at a fresh 22-year high and the 10-year yield at a fresh 19-year high. New orders for key manufactured capital goods increased more than expected in August and the prior month was revised sharply higher.
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