Yield on 30-Year Treasury Flirts with Biggest Gain in 15 Months

Bond investors are receiving the Federal Reserve’s higher-for-longer message on interest rates. U.S. Treasury yields across maturities are climbing to fresh multiyear highs, led by longer-term yields, which got an extra boost when morning data showed an unexpected drop in weekly unemployment claims. In recent trading, the yield on the 30-year bond was on track for its largest one-day increase since June 2022. The 10-year yield was on course for its biggest gain since July of this year. Yields started climbing Wednesday after the Fed released its latest interest-projections, which...