US Bonds Show Bear Steepening as 30-Year Hits 2007 Highs

The US 30-year bond reversed a 2 bps loss to post a 2 bps gain, now trading near year-to-date highs—the strongest levels since 2007. Core bond curve exhibits bear steepening pressure across tenors. This sustained strength in longer-dated yields signals shifting rate expectations and carries implications for USD pairs and risk sentiment.