Purchasing managers' indexes

Thirty-year Treasury yields climb to their highest since 2004 on strong PMIs and Fed hike talk

Thirty-year Treasury yields hit their highest since 2004, a day after the 10-year's biggest one-day gain in almost 18 months took it to a 19-year high. The 2-year is still below its 2023 levels, so most of the repricing falls on long-dated, fixed-rate money.