The 30-Year U.S. Treasury Bond Now Has a Higher Yield Than Ford and Coca-Cola. Is It Now the Best Asset for Passive Income?
The yield on the 30-year U.S. Treasury bond has surged past 5.2% and, not too long ago, had surpassed 5.3%.
Overview
Longer-duration bonds have seen their yields soar in recent weeks. None more than the yield on the 30-year U.S. Treasury bond, which hovered around 5.23% (as of Aug. 24), nearing its highest level seen since 2007.
Details
Longer-duration bonds have rocketed higher as inflation remains elevated, the Iran war continues on with no obvious end in sight, and the national debt has just topped $40 trillion.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.