U.S. Long-Term Bonds Slide Despite Bessent's Intervention
U.S. long-term bonds have plummeted, with yields on 30-year Treasuries rising despite Treasury Secretary Bessent's efforts to calm the market by doubling purchases of securities. Investors remain unconvinced, leading to concerns about inflation as the so-called breakeven rate hits its highest levels in more than two months.7 sourcesSee all sources