[30-Year U.S. Treasury Yield Approaches Historic High, Global Bond Investors Caught Between 'High Yield Temptation' and Sell-Off Risks] BlockBeats News, May 19: As the 30-year U.S. Treasury yield rises to approximately 5.14%, nearing its highest level since 2007, the global bond market is experiencing intense divergence. Some institutions believe that current long-term bond valuations have become attractive, but more investors are concerned that inflation, fiscal deficits, and Middle East tensions will drive yields even higher. Goldman Sachs believes certain indicators for long-term U.S. Treasuries now show allocation value but advises caution; Barclays warns that the 30-year U.S. Treasury yield could exceed 5.5%; meanwhile, BlackRock's research division recommends reducing holdings of developed market government bonds, including U.S. Treasuries. Market analysts suggest that rising energy prices, expanding U.S. fiscal deficits, and persistent inflation are pushing up the term premium for long-term bonds, eroding confidence in the notion of 'yield peak.' At the same time, the structure of foreign buyers for U.S. Treasuries is shifting, with hedge funds and financial center capital replacing traditional long-term official buyers, making the market more sensitive to price fluctuations. Institutions broadly worry that if Middle East tensions escalate further or U.S. inflation continues to exceed expectations, long-term U.S. Treasury yields could enter a new upward range, potentially exacerbating volatility in the global bond market. [Original Link]