US bond market: Highest yield since 2001 for 30-year TIPS bond
In a new government auction, the highest yields were achieved for 25 years. US Finance Minister Scott Bessent has brought into play to further increase the buybacks.
The US Department of the Treasury has achieved a new decade-high yield on inflation-protected government bonds, known as TIPS, at 2.973 percent. The $8 billion auction was part of a series of new bond sales amid turmoil in the bond market. This comes as the 30-year US government bond has been above 5 percent for over a month, and the country's debt has surpassed $40 trillion for the first time.
US Treasury Secretary Scott Bessent announced plans to increase purchases of 10-, 20-, and 30-year government bonds and signaled a focus on fiscal consolidation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
