Investors secured 5% yields on 30-year US Treasuries for the first time since 2007 after a $25 billion bond auction cleared at 5.046%, reflecting rising inflation concerns and higher energy prices. Demand at the auction was moderate, with yields slightly above pre-sale trading levels. The sale followed weaker-than-expected demand for recent three- and 10-year Treasury auctions. The last 30-year Treasury carrying a 5% coupon was issued before the global financial crisis, while long-dated Treasury

Investors secured 5% yields on 30-year US Treasuries for the first time since 2007 after a $25 billion bond auction cleared at 5.046%, reflecting rising inflation concerns and higher energy prices. Demand at the auction was moderate, with yields slightly above pre-sale trading levels. The sale followed weaker-than-expected demand for recent three- and 10-year Treasury auctions. The last 30-year Treasury carrying a 5% coupon was issued before the global financial crisis, while long-dated Treasury yields have periodically traded above 5% since 2023 amid aggressive Federal Reserve tightening and increased government borrowing.