Mumbai, May 20 -- Yields on U.S. Treasurys advanced Tuesday as investors continued to dump bonds on fears inflation is reigniting. The 30-year Treasury yield hit the highest level in nearly 19 years.

The longer-dated 30-year Treasury bond yield was last trading more than 3 bps higher at 5.183%. It briefly hit 5.19% during the session, marking its highest level since July 2007.

The 10-year U.S. Treasury note yield - the key benchmark for mortgages, auto loans and credit card debt - was up 4 bps to 4.66%. Earlier in the session, it climbed to 4.68% or its highest level since January 2025. The 2-year Treasury note yield, which reacts to expectations of short-term Federal Reserve interest rate moves, last rose by 3 bps to 4.12%.

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