QUICK SPARK: 30-Year Treasury Yields Top 5.6%, Hitting 24-Year Highs

The 30-year Treasury yield has reached 5.63%, marking a 14 basis point increase this week and the highest level since June 2002, with yields rising for seven consecutive sessions. Despite cooler-than-expected inflation data, the personal consumption expenditures (PCE) price index remained unchanged at 3.4% year-over-year. In response to market conditions, the Treasury announced a buyback of up to $6 billion in 10- to 20-year bonds, significantly increasing the previous ceiling. The iShares 20+ Year Treasury Bond ETF (TLT) fell 0.7% to a record low of $77.7.