30-Year Treasury Yield Hits Highest Since 2001 Amid Inflation Fears

Long-term interest rates have been on the rise, reaching 5.22 percent in Thursday's auction of 30-year treasuries, their highest since 2001.

This increase is a concern for investors who are worried about inflation and the growing size of the government's debt.

The higher interest rates go, the greater the burden on the government becomes to service its debt.

The dollar has lost its safe-haven status, but gold and the Swiss Franc have been rising as investors seek shelter from economic uncertainty.