
·8 min read
The 30-Year Treasury at 5.2%: Highest Since 2001, and Who Is Still Buying
30-year Treasury auctioned at 5.216%, highest since 2001; peak 5.31%. Debt at 100% of GDP, Japan selling, dealers at 11.5%. Duration math and where value is.

30-year Treasury auctioned at 5.216%, highest since 2001; peak 5.31%. Debt at 100% of GDP, Japan selling, dealers at 11.5%. Duration math and where value is.

The long bond reached 5.311%, a level last seen in June 2007, with the 10-year at about 4.72%. Oil and government borrowing are doing the work, not the Fed.