The US 30-year Treasury yield has climbed to 5.70%, marking its highest level since 2002. This surge represents a significant milestone for long-term borrowing costs and signals shifting dynamics in the bond market after more than two decades. Rising yields on long-dated government debt often reflect expectations for sustained inflation, fiscal deficits, or reduced demand for safe-haven assets. The move to levels not seen in over 20 years underscores growing pressure on fixed-income markets and carries implications for risk asset valuations across equities and cryptocurrencies.