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30-year Treasury yield hits 5.64 percent, Peter Mallouk notes

30-year Treasury yield hits 5.64 percent, Peter Mallouk notes
30-year Treasury yield at 2002 high

Peter Mallouk highlights that the 30-year U.S. Treasury yield has risen to 5.64 percent, reaching its highest point since 2002.

He attributes this increase to ongoing U.S. government borrowing and spending, noting that the bond market continues to react by pushing yields higher.

Mallouk previously compared inflation's impact on purchasing power to S&P 500 returns over 30 years. He also recently highlighted the 10-year Treasury yield reaching its highest level in 19 years. Both comments point to ongoing concerns about inflation and long-term government borrowing.

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