US Treasury Selloff Not Over Yet? Three Major Concerns Loom: Strategists Warn Bond Selloff Could Worsen

The 30-year US Treasury yield surged to 5.311% (a record high since 2007), with major holders such as the UK and Japan collectively reducing their positions in June. Despite weakening US retail and employment data, strategists warn that the selloff in long-dated Treasuries is not yet over, as yields could push higher to 5.60%–5.70% under the triple pressure of global bond yield correlation, potential Federal Reserve rate hike risks, and rising term premiums driven by massive issuance scale and inflation concerns.