30-Year Treasury Yield Hits 19-Year High as Oil Prices and Debt Supply Push Bonds Lower
TLDR
- The 30-year U.S. Treasury yield hit 5.311% on Monday, its highest level since June 2007
- Oil prices and Treasury yields are moving closely together, with a correlation of 0.85
- Foreign holders including the U.K., China, and Japan reduced their Treasury holdings in June
- Heavy Treasury supply, including $125 billion in new debt last week, is adding pressure on yields
- Some strategists see yields climbing further to the 5.60%-5.70% range
The 30-year U.S. Treasury yield climbed to its highest point in nearly two decades on Monday, settling at 5.311%. That marks the highest level since June 2007, and analysts say several forces could push it even higher.
The cost of servicing US debt is the highest in decades:
On Thursday, the US government sold $25 billion of 30Y Treasury bonds at a 5.216% yield, the highest auction yield since 2001.
This follows a $42 billion auction of 10Y Treasury notes on Wednesday that resulted in aโฆ pic.twitter.com/yOTT7atWN2
- The Kobeissi Letter (@KobeissiLetter) August 16, 2026
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