30-Year Treasury Yield still 5.06%, 30-Year TIPS Yield Highest since 2010 Reintroduction, Yield Curve Prepped for Rate Hike

The yield of 30-year Treasury Inflation Protected Securities (TIPS) rose to 2.91% on Thursday and closed at 2.87% on Friday, the highest since 30-year TIPS were reintroduced in February 2010, up from -0.6% at the end of 2021. This TIPS yield is paid in addition to the CPI-based inflation protection that TIPS holders...