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The 30-year Treasury yield just hit its highest since 2004, and the selloff is punishing long-duration growth while defensives hold. Strategists say it's a rising term premium, not a new inflation sca
The 30-year Treasury yield just hit its highest since 2004, and the selloff is punishing long-duration growth while defensives hold. Strategists say it's a rising term premium, not a new inflation sca
What changed
The 30-year Treasury yield just hit its highest since 2004, and the selloff is punishing long-duration growth while defensives hold. Strategists say it's a rising term premium, not a new inflation sca
Why it matters
The 30-year Treasury yield just hit its highest since 2004, and the selloff is punishing long-duration growth while defensives hold. Strategists say it's a rising term premium, not a new inflation sca — impact context not separately stored; see What changed.
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Oct 04, 2026 03:24 AM ET