US 30-year Treasury yield breaks above 5.61% for highest since 2002

AI Market Summary
US 30-year Treasury yields breaking above 5.61% (highest since 2002) tightens financial conditions and pressures equity valuations, with the S&P 500 down 0.4% and energy leading declines. Oil's drop below $104 on US strategic reserve releases adds sector-specific headwinds. Risk-off spillover is evident in weaker ASX 200 futures as markets await Australian CPI, while late-cycle concerns around the AI-driven equity boom add fragility.
Impact level
● High
Affected assets
NCSISP5002USD/USDT-0.05%
AI Insight · NCSISP5002USD/USDTAI Insight
▼ Bearish
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The US 30-year Treasury yield climbed past 5.61%, marking its highest level since 2002. In New York trading, the S&P 500 fell 0.4%, led lower by the energy sector. Oil slipped below $104 a barrel after the US released more from its strategic petroleum reserve. Australia’s ASX 200 futures also dropped 0.4% as investors awaited August CPI data.