On Friday, the 30-year U.S. Treasury yield surpassed 5.5%, reaching its highest level since 2004, diverging from the day's decline in oil prices.
According to Wallstreetcn, the 30-year US Treasury yield rose by as much as 5 basis points to 5.53% during Friday's trading, closing above 5.49%, marking a new high since 2004. Meanwhile, the benchmark US West Texas Intermediate crude oil futures closed down 2.3% on the day at $92.41 per barrel, showing a clear divergence between long-term Treasury yields and oil prices. Analysis indicates that this round of long-term yield increases lacks clear technical resistance levels, and market concerns about persistent inflation and the Federal Reserve's tightening path have not dissipated, providing upward support independent of oil prices.
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