30-Year Treasury Yield Nears Two-Decade High

The 30-year US Treasury yield is approaching 5.30%, a level not seen in nearly two decades. This macro headwind triggered a sharp selloff on Aug 20 (Dow -700, S&P -0.9%) and is pressuring equity valuations, especially growth and housing stocks. Business inflation expectations are moderating, but the yield spike remains a key risk for portfolio positioning. Treasury buyback plan had limited impact.