US 30-Year Treasury Yield Approaches Highest Level Since 2002
Yields on the US Treasuryโs longest-dated bond rose for a sixth straight day, on the verge of crossing another key threshold amid a deepening selloff across global debt markets.
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Yields on the US Treasuryโs longest-dated bond rose for a sixth straight day, on the verge of crossing another key threshold amid a deepening selloff across global debt markets.
The US Treasury said it will purchase up to $6 billion of longer-dated government debt on Thursday, in line with the first such operation under Secretary Scott Bessentโs expanded program to stem the recent rise in borrowing costs.
Investors in the US Treasury market are shifting their focus to owning shorter-dated government bonds, a bet that the Federal Reserve will eventually emerge victorious in its fight against inflation.
The dollar neared its lowest in nearly seven months as the yen rallied, with traders looking ahead to the US Treasuryโs buyback announcement and inflation data later this week.
The US Treasury on Wednesday issued $1 coins featuring the face of President Donald Trump, the latest move in an unprecedented campaign by the Republican billionaire to put his personal stamp on national institutions