The U.S. federal government has sold 30-year debt at auction at a yield above 5 percent for the first time since 2007.
The Treasury Department sold $25 billion of new 30-year bonds on May 13, with the auction yield reaching 5.046 percent.
US Sells 30-Year Bonds at 5 Percent Yield for First Time Since 2007
Energy-price shocks, inflation fears, and rising deficits are rattling global bond markets from Washington to Tokyo and London.
The Treasury Department building at dusk in Washington on June 6, 2019. Patrick Semansky/AP Photo
