US sells 30-year bonds at highest borrowing costs since 2001
The US Treasury auctioned 30-year bonds at a yield of 4.75%, the highest since 2001, reflecting persistent inflation and heavy supply. The sale drew weak demand, with a bid-to-cover ratio of 2.2, below the recent average. This signals rising long-term borrowing costs for the US government.
The 30-year auction was the worst since 2011, underscoring the market's concern about the fiscal outlook.