Check out the federal funds rate over the last 5 years: https://fred.stlouisfed.org/series/fedfunds

Vs the 30 year bond yield: https://fred.stlouisfed.org/series/DGS30

That’s the news. The fed is desperately trying to get interest rates lower, but the free market isn’t buying it. The treasury is also pulling out some very desperate moves to control this, like selling euro for JPY without even telling the EU, we will see how it works out.

30 year old bond yield being 1-2% above the short term yield is nothing unusual