Yields on Treasury notes and bonds hit the highest levels since 2007 on Tuesday as a report indicated the Federal Reserve might have to keep interest rates higher for longer.

Benchmark 10-year Treasury yields briefly surpassed 4.785% on Monday, up a tenth of a percentage point from the day before. The 30-year Treasury yield lurched up to 4.874%. Both yields are the highest since 2007, just before the onset of the Great Recession.

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The news comes one day after the 10-year Treasury yield reached a previous 15-year high before being surpassed on Tuesday.

The pressure on the yields from investors is largely a reaction to the release of the August Job Openings and Labor Turnover Survey by the Bureau of Labor Statistics on Tuesday morning. The report showed a labor market more robust than most economic forecasters had predicted.

The number of job openings in the United States rose to 9.61 million in August, an uptick from the month before, showing employers are still seeking workers.

While a stronger-than-expected labor market could be seen as a positive development, the Fed has been battling inflation for over a year by raising interest rates. The goal is to soften demand, so a strong jobs market could mean the central bank will have to hold its interest rate target high for longer or perhaps even raise the federal funds rate again.

“With a market keenly focused on the path of interest rates, any data release that points to the possibility of a stronger wage environment is cause for concern to a market that is anxiously deciphering when — and hopefully ‘if’ — the Fed is near the end of its intense rate hiking campaign,” said Quincy Krosby, chief global strategist for LPL Financial.

The higher rates have major implications for consumers. A higher interest rate environment makes buying a home or taking on debt more costly.

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The Fed opted to hold rates steady at its Federal Open Market Committee meeting late last month, although it is unclear what path it will take when it convenes at the end of October.

Inflation has remained stubbornly sticky, so a key factor in what the central bank will do next comes down to the various inflation reports released between now and then.