U.S. Set to Sell 30-Year Treasuries at Highest Rate in 25 Years
The U.S. government is poised to issue 30-year Treasuries at the highest interest rate in 25 years. The historic selloff in long-term Treasuries has fueled speculation that the U.S. could shift more of its borrowing toward shorter maturities. The U.S. Treasury is scheduled to conduct its monthly auction of $25 billion in 30-year Treasuries later Thursday evening. In the when-issued market, where the new bonds trade before the actual auction, the expected yield is about 5.24%. If the final yield reaches that level, it would represent the highest financing cost since 2001, according to Bloomberg.
The U.S. government is poised to issue 30-year Treasuries at the highest interest rate in 25 years.
The historic selloff in long-term Treasuries has fueled speculation that the U.S. could shift more of its borrowing toward shorter maturities.
The U.S. Treasury is scheduled to conduct its monthly auction of $25 billion in 30-year Treasuries later Thursday evening. In the when-issued market, where the new bonds trade before the actual auction, the expected yield is about 5.24%. If the final yield reaches that level, it would represent the highest financing cost since 2001, according to Bloomberg.
The historic selloff in long-term Treasuries has fueled speculation that the U.S. could shift more of its borrowing toward shorter maturities.
The U.S. Treasury is scheduled to conduct its monthly auction of $25 billion in 30-year Treasuries later Thursday evening. In the when-issued market, where the new bonds trade before the actual auction, the expected yield is about 5.24%. If the final yield reaches that level, it would represent the highest financing cost since 2001, according to Bloomberg.