US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale – business live
- US 30-year bond yields reached their highest since 2001.
- Inflation and debt concerns are raising government borrowing costs.
- Japan may raise rates to support its weakening yen.
US long-term borrowing costs have reached their highest level since 2001 after the Treasury sold 30-year bonds at a yield of 5.216%. The result signals investor concern that inflation may remain elevated and that the United States’ growing debt and budget deficit will require higher returns to attract…