· by dbcurren.bsky.social ·1d ago · view on bsky.app ↗

1 Bloomberg: The bond market’s message to Scott #Bessent couldn’t be clearer: If you want #financing for the growing #US #deficit, you’re going to have to pay up. The US sold $25 billion of 30-year bonds yesterday at 5.216%, the highest #interestrate in a quarter century. 🧵

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Bloomberg chart indicating that the yield on 30-year US Treasury bonds auctioned yesterday was the highest since 2001.

#bessent #deficit #financing #interestrate #us

1 comments — live from bluesky

2 Bloomberg: The sale, which was met with decent demand, follows the #10-year auction a day earlier that drew the highest financing cost at that tenor since 2007. It’s a headache for Donald #Trump and #Bessent, his Treasury secretary, before the midterm elections in November. 🧵

Don Curren 🇨🇦🇺🇦 · 1 · 1d ago

3 Bloomberg: Lofty #government #financing costs are already feeding through to the broader #economy, after years of elevated #inflation and #governmentspending. #bonds #yields #interestrates #USTreasuryMarket