30-Year Treasury Auction Clears Above 5%, Highest Yield Since 2007

The US Treasury sold $25 billion worth of 30-year bonds on Wednesday, with the auction clearing at a yield of 5.046%. The sale follows back-to-back US inflation reports this week that pointed to mounting price pressures driven by the US-Iran war. Iran War Inflation Shock Drives Long-End Yields Higher According to the Financial Times, the