: Selloff in Treasurys picks up, pushing 30-year rate further into almost nine-month high

The 30-year Treasury rate climbed further into an almost nine-month high Thursday morning, after U.S. data showed no signs of rising layoffs. The rate on the long bond jumped 12 basis points to 4.28% and was on track to remain at its highest level since Nov. 9. Investors also continued to digest Tuesday’s decision by Fitch Ratings to downgrade the U.S. credit rating and a deluge of Treasury debt issuance during the third quarter. The 30-year yield led Thursday morning’s advance in yields. It ended the New York session at 4.32% on Nov. 9, according to FactSet.

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