Bloomberg The 30-year US Treasury yield rose to its highest level since 2015, showing that this year’s selloff has spread to the most-resilient part of the world’s biggest bond market. The yield on the long bond surpassed 3.2322 percent, the previous 2018 high set February 21, to reach 3.2379 percent, highest since July 2015. It follows the 10-year borrowing benchmark ...

Bloomberg Telecom Italia SpA posted first-quarter sales that beat analysts’ estimates driven by growth in domestic mobile and broadband subscriber numbers. In the carrier’s first results since US activist investor Elliott Management Corp. took control of its board this month, Telecom Italia said revenue rose 2.7 percent in organic terms to 4.71 billion euros ($5.5 billion). That compared with the ...

Bloomberg Cisco Systems Inc. shares slipped in trading after the network-equipment maker’s fourth-quarter forecasts fell short of Wall Street’s most optimistic projections. Before the company provided its outlook for the current period, the stock had surged 32 percent in a year, last week reaching the highest price in more than 17 years. While Cisco said it’s optimistic about demand and ...