Breaking
US 30-Year Treasury Yield Rebounds to 5.286%, Returning to Pre-Bessent Intervention Level
Minseung Kang
Summary
- The US 30-year Treasury yield rose as high as 5.286% intraday, returning close to the level seen before US Treasury Secretary Scott Bessent intervened in the bond market.
- Long-term Treasury yields, which fell after Bessent's bond-market intervention, have recently retraced most of that decline, suggesting the effect was short-lived.
- Walter Bloomberg said the renewed rise in the 30-year yield shows pressure is building again on long-term US funding costs.
The US 30-year Treasury yield rose as high as 5.286% during the session, returning close to the level seen before Treasury Secretary Scott Bessent intervened in the bond market last month.
Walter Bloomberg, an overseas markets news account, reported on Sept. 1 that the 30-year Treasury yield climbed to 5.286% intraday, the highest since Aug. 18. It later traded just below 5.26%.
Long-term Treasury yields had fallen for a time after Bessent's bond-market intervention. They have since retraced most of that decline, suggesting the effect was short-lived.
The renewed rise in the 30-year yield shows pressure is building again on long-term US funding costs, Walter Bloomberg said.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.