Bond crisis worsens! US 30-year Treasury yields surge to highest level since 2004. What lies ahead?

According to a report by Economic Times… The US bond selloff intensified as the 30-year Treasury yield hit its highest level since 2004, while the 10-year yield reached a post-financial-crisis high. Strong US economic data, rising inflation concerns, elevated government debt and higher oil prices have fuelled expectations of further Federal Reserve rate hikes, pressuring global bond markets. complete report is on link below. Source: https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/u-s-30-year-bond-yield-rises-to-highest-since-2004-as-selloff-deepens/articleshow/134457498.cms