● 30-YEAR TREASURY YIELD HITS 24-YEAR HIGH

The 30-year Treasury yield climbed to 5.61%, a level last seen in 2002, while the 10-year note trades near 5.29%. The selloff marks Treasuries' worst September since 2023, driven by inflation fears tied to rising oil prices and growing concern over the federal deficit. Long-dated US government debt is back to pricing like the pre-financial-crisis era. $TLT is sliding as yields climb.