Treasury 30-Year Yields Cross 5%, UK Gilts Hit 1990s Highs — The Bond Revolt Traders Must Watch
30-year Treasury yields have crossed 5% and UK gilts are trading at levels last seen in the 1990s, signaling a structural inflation regime rather than a cyclical episode. CPI holds at 3.8% with services inflation above 3% annually, compounded by the Iran war adding $857 to Americans' average gasoline costs in 2026. Jerome Powell's departure has created a Fed leadership vacuum that amplifies market uncertainty at the worst possible moment.
Salvado•