Wall Street’s worry du jour? The big move higher in yields

The bull market in stocks now has something new to worry about now: sky-high yields around the world. The long-term U.S. 30-year Treasury bond yield topped 5.1% on Friday, touching its highest level going back to May 22, 2025. In the U.K., 30-year Gilt yields reached levels not seen in nearly three decades. Thirty-year yields on Japanese and German bonds also hit their highest levels since the late 1990s. Those gains come as oil prices remain elevated amid the ongoing U.S.-Iran war. …