The U.S. 30-year Treasury yield hit 5.311% on Monday, according to CNBC, marking its highest level since June 2007, this comes amid weakening foreign holdings of U.S. Treasurys, with the U.K., China, and Japan all reducing their positions in June, according to the U.S. Treasury Department. Analysts predict further increases, with Fundstrat’s Mark Newton estimating yields could reach 5.60%-5.70% as a result of a broken three-year triangle pattern in the market.

Global Market Spillovers and Fiscal Pressures

Global market dynamics are playing a role in the Treasury yield surge; According to CNBC, weaker-than-expected economic growth in Japan was accompanied by a hotter GDP deflator, pushing up JGB yields and spilling over into U.S. markets. This cross-border pressure is prompting investors to demand higher returns on U.S. government debt; BMO strategists also highlighted broader fiscal concerns across the U.S., Japan, U.S., and Europe as contributing to the recent weakness in long-dated bonds.

Meanwhile, in South Korea, the 5.31% yield level as of the 17th has raised concerns about rising funding costs for companies and households, according to 경향신문. The surge is attributed to U.S. fiscal stress and inflation fears — Analysts warn that higher Treasury yields could lead to capital outflows from Korea, affecting its financial market stability.

Technology and Spectrum Shifts

Elsewhere, the U.S. Federal Communications Commission granted AST SpaceMobile a 30-day special temporary authority to test direct-to-device satellite technology, according to Broadband Breakfast, the testing involves 100 handsets using 817-824 MHz and 862-869 MHz bands. T-Mobile transferred its 800 MHz spectrum to investment firm Grain Management in exchange for $2.9 billion in cash and Grain’s 600 MHz spectrum licenses, allowing AST to expand its coverage capabilities.

Canary Islands Spotlight

On a different front, Forbes Spain published its list of the 30 most influential women in the Canary Islands for 2026, while the list includes prominent figures in business, culture, and politics. Among them is Laura Acosta, an urban planning lawyer with over 25 years of experience, and actress Toni Acosta, known for her work in TV and theater. The list was compiled by a committee led by Forbes President and Editor Andrés Rodríguez and is presented in alphabetical order.