The yield on the 30-year Treasury bond surged as high as 5.1%, its highest level since November 2023, on Wednesday after a surprisingly weak 20-year Treasury note auction. The 10-year Treasury yield, which influences interest rates on all kinds of consumer and commercial loans, climbed to about 4.61%, its highest level since February.
The Treasury on Wednesday announced the results of a 20-year note auction in which demand was notably weaker than in last month’s sale. The auction’s highest yield rose to nearly 5.05% from 4.81% a month ago, while the bid-to-cover ratio, a common measure of demand, fell to 2.46 from 2.63.
US government needs CS for her pumping and debt negotiation skills. Just tell em we're not paying:but we have a cunning plan for the big wheels lol
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