US 30-year bond auction sees weak demand despite Treasury buyback, pushing yields higher

75FINANCE

US 30-year bond auction sees weak demand despite Treasury buyback, pushing yields higher

⚡ Markets: Indicates investor concern over US debt supply, inflation, and fiscal trajectory, suggesting demand for long-term government debt is waning at current prices. Bearish for bonds and potentially for equities if borrowing costs continue to rise.US 30Y YieldUS 10Y YieldTLT

A US Treasury auction of 30-year bonds was met with poor demand, causing a spike in yields, even after the Treasury Department conducted a buyback operation intended to support the market. The result intensified the ongoing sell-off in long-duration government debt.

West MSM: noneFinancial press 3West Right 12 countries

4 sources across the spectrum

Financial pressFinancial Times — Scott Bessent fails to break ‘fever’ in US bond market

Financial pressMarketWatch — Treasury yields surge after Bessent’s beefed-up buyback operation fails to calm market

Financial pressWall Street Journal — Bonds Sell Off Despite Buyback Operation

West RightZeroHedge — Record-Breaking 30Y Auction Sees Huge Stop Through, 2nd Highest Foreign Demand On Record

← Full brief