Treasury Yields Keep Climbing Amid Public Debt Worries
Dow Jones
Aug 18
0901 ET - A global bond selloff gains momentum, sending Treasury yields higher, as markets worry about government debt and higher bond supply amid a hot race to finance data-center construction. "A government paying more than $1 trillion a year just to service debt, with a fresh wave of long-dated issuance still to come, is a government whose bond buyers get to set the terms," deVere's Nigel Green writes in a note. Tensions in the Middle East keep oil prices elevated, fueling inflation fears. The 30-year Treasury yield reaches 5.318%, the highest since 2007. The 10-year rises to 4.738% from yesterday's settle of 4.725%. The two-year increases to 4.196% from 4.182%.
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