30-year bond yield hits 3.24%, new year-to-date high

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U.S. Treasury yields rose on Friday, with long-dated yields hitting a nearly nine-month high, after euro zone partners' offer to release billions in frozen aid to Greece reduced demand for safe-haven U.S. debt.

The yield on the 30-year bond rose to a session high of 3.249 percent, the highest since late-September. The yield on the benchmark 10-year Treasury notes rose 7 basis points to 2.487 percent, also the highest since September.

A meeting is now planned for Saturday to try and secure a cash-for-reforms deal between Greece and its international creditors that would pull Athens back from the brink of a debt default and possible euro zone exit.


Greece has been a key trigger for volatility in global markets in recent weeks, with safe-haven Treasurys a beneficiary of Greek jitters.

Checkmate: Is this Greece's final, final deadline?

Greece is at risk of defaulting on a 1.6 billion euro ($1.8 billion)-debt repayment to the International Monetary Fund on June 30, the same day that the terms of Greece's bailout program expires, with Greece's bailout program also set to expire at the end of the month.

U.S. consumer sentiment continued to rebound in June, beating expectations. The index was 96.1, versus last month's reading of 90.7 and estimates for 94.6.

"The trend of economic data from the U.S. has turned distinctly positive recently so Friday's University of Michigan consumer sentiment report may give the dollar a jolt higher if it can also come in above expectations," Jasper Lawler, a market analyst at CMC Markets, said in a note.

Elsewhere, U.S. stock indexes were modestly higher with the exception of the Nasdaq which edged lower.