Market’s now pricing a hiking cycle that takes short-term rates to around 5% September 2027. Barclays: U.S. 30-year yield could hit 6%

The short end is starting to price 5% again while the 10-year is already above 5.2%. If Barclays is right about 6% on the 30-year, the cheap-money era isn’t coming back anytime soon.

Treasury yields surged again. The 30-year yield reached 5.62%, its highest level since June 2002, while the 10-year reached 5.29%. The selloff is being driven by higher oil prices, inflation concerns, strong economic data and expectations for additional Fed hikes.

https://www.ft.com/content/c8693313-7750-40c7-892a-101ab16dec70

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