30-year Treasury yield hits highest level since 2004 as bond market rout continues

By Fred Imbert, Sean Conlon, Chloe Taylor and Saudah Khaimiya, CNBC Treasury yields were trading at multidecade highs on Thursday, as investor bets on another rate hike from the Federal Reserve mounted. The 30-year Treasury bond yield was up 5 basis points 5.456% and reached a 2004 peak. The benchmark 10-year Treasury note yield, which is tied to rates on mortgages, rose more than 4 basis points to 5.162% and hit its highest level since July 2007. The yield on the 2-year note gained more than