US Treasury Sells 30-Year Bonds at Highest Yield in Over 15 Years
The United States has conducted a 30-year bond auction, selling $25 billion at a yield of 5.216%, marking the highest borrowing costs for such securities since 2001. This recent auction reflects ongoing inflation pressures and has shown signs of weakening demand, evidenced by a low bid-cover ratio of 2.39. The current yield represents the most costly rate for 30-year debt in a quarter of a century, prompting concerns about the fiscal implications for the US government.
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