Source: Seattle Times
“The yield on 30-year U.S. Treasuries hit the highest in almost two decades, reflecting investor angst over the surging national debt, a flood of long-dated bond sales and inflation that’s been stuck over the Federal Reserve’s target for the past five years. The rate on the so-called long bond rose three basis points to 5.29% on Monday, the highest since 2007. The move pushed it closer to that year’s 5.44% peak during the early days of the global financial crisis. The rise, which is driving up the U.S. government’s borrowing costs, is part of a broader trend in global bond markets, where investors are demanding more compensation to protect themselves against the risk of mounting government debts and persistently high inflation that’s likely to keep short-term interest rates elevated.” (08/17/26)