30-year US Treasury yield hits highest level in 19 years

has started to seep out into other parts of the economy, including food prices and airfares.

“Bond markets are warning that inflation could prove much stickier than many investors anticipated,” Nigel Green, CEO at deVere Group, said in a note.

The benchmark 10-year yield, which influences mortgage rates, surged to 4.67%, its highest level in over a year.continue reading …