US Treasury Set to Auction 30-Year Bonds at Highest Yield in 25 Years

The U.S. Treasury is preparing to auction $25 billion of 30-year debt today, with projected yields in the when-issued market around 5.24%. This would mark the highest borrowing cost for 30-year bonds since 2001, reflecting a historic sell-off in the bond market. The elevated financing costs are impacting the broader economy and are a concern for policymakers.