30-Year Treasury Auction Nears 5.07% Yield, Highest Since 2006
Updated
Updated · Bloomberg · Jul 9
30-Year Treasury Auction Nears 5.07% Yield, Highest Since 2006
3 articles · Updated · Bloomberg · Jul 9
Summary
30-year Treasury bonds were trading near a 5.07% yield ahead of Thursday’s 1 p.m. New York auction, setting up the highest long-bond auction result in at least two decades.
Swelling government borrowing and persistent inflation are pushing investors to demand higher returns to absorb the growing supply of U.S. debt.
Existing 30-year bonds have already traded as high as 5.20% this year, showing the auction would formalize a move the secondary market has been signaling for months.
The previous peak auction yield in the period was 5.046% in May, highlighting how quickly long-term U.S. funding costs are climbing.