30-year Treasury bond yield rises to highest level since 2007

The yield on the U.S.

30-year Treasury bond surpassed 5.3 percent on Tuesday before a slight downtick, foreshadowing an increase in borrowing costs across the country.

The 30-year bond yield is 5.284 percent as of Tuesday afternoon, after opening at 5.308 percent and peaking at 5.337 percent earlier in the day.

That marked the highest...