Treasury 30-Year Yields Hit 2007 Highs

US Treasury 30-year yields have climbed back to levels not seen since 2007, before the global financial crisis, driven by stronger-than-expected economic data and geopolitical tensions. The Empire Manufacturing survey's hotter-than-anticipated results and rising oil prices from Middle East developments have pushed yields higher despite earlier signs of employment and inflation weakness. The shift suggests that upward pressure on rates is outweighing concerns about economic softness in the current market environment.