New Delhi, Oct. 7 -- Ahead of the Federal Reserve's September policy meeting minutes, the US 30-year Treasury yield climbed to a fresh 24-year high on Wednesday as a selloff returned to global bond markets amid concerns over inflation and rising government debt.

The 30-year yield briefly touched 5.7041 per cent, reversing some of the relief seen in the previous session. Bond yields across major markets also moved higher as persistent inflation and fiscal concerns weighed on sentiment, while a renewed rise in crude oil prices added to price pressures.

Brent crude futures rose more than 1 per cent during the session. At the time of reporting, Brent was trading at around USD 101.85 per barrel, while West Texas Intermediate (WTI) crude was ...