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Global bond selloff rolls on, US 30-year yield at highest since 2004

Market context: TLT: A selloff pushing the US 30-year yield to its highest since 2004 directly impacts long-duration Treasury prices. Long-dated Treasuries face further price declines as yields surge to multi-decade highs. DXY: Rising US yields typically support the dollar against major peers. The dollar may strengthen as higher yields attract global capital flows. SPY: Surging long yields weigh on equity valuations, particularly growth and tech sectors. Higher discount rates could pressure the S&P 500, especially high-multiple names.

Why it matters

TLT (20+ Year Treasury) · Why linked: A selloff pushing the US 30-year yield to its highest since 2004 directly impacts long-duration Treasury prices. Market context: Long-dated Treasuries face further price declines as yields surge to multi-decade highs.

DXY (US Dollar Index) · Why linked: Rising US yields typically support the dollar against major peers. Market context: The dollar may strengthen as higher yields attract global capital flows.

SPY (SPDR S&P 500 ETF) · Why linked: Surging long yields weigh on equity valuations, particularly growth and tech sectors. Market context: Higher discount rates could pressure the S&P 500, especially high-multiple names.

How TLT, SPY usually react

This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.

AssetEventsAvg max moveClosed lower
TLT11+0.66%64%
SPY13+0.75%69%

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How the reaction data is measured · Editorial policy