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.
Government borrowing costs have been climbing around the world as investors demand more compensation to entice them to hold longer-maturity debt. The rise in US bond yields even prompted Treasury Secretary Scott Bessent to announce expanded buybacks of long-dated government debt โ an intervention that failed to stop yields on 10-year Treasuries from surpassing 5% and hitting their highest point in almost two decades.
Yields on the US governmentโs longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns.
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