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Bond Traders Target 5.5% as 30-Year Treasury Yields Climb on Inflation Fears

The 30-year US Treasury yield has reached levels unseen since 1999 as global bond markets confront mounting inflation pressures. Citigroup identified 5.5% as the next psychological threshold that traders are monitoring closely. The selloff in government bonds accelerated Monday as investors worldwide grew concerned about resurgent price pressures, particularly from energy markets. Yields on the longest-dated Treasuries topped 5% for the first time since 2007, reflecting growing expectations that central banks may need to maintain higher interest rates. Japan's 30-year yield also reached a record level as inflation concerns spread globally. Market participants are closely watching central bank responses to renewed inflationary pressures, with borrowing costs climbing to multi-year highs across major developed economies.