Why High Yields on US Treasury Bonds, Government Debt Look Like the New Normal
Global government borrowing costs are rising as investors demand higher yields for long-term debt. Despite U.S. Treasury Secretary Scott Bessent’s expanded buyback program, 10-year Treasury yields recently surpassed 5%, reaching their highest point in nearly twenty years.
Government borrowing costs have been climbing around the world as investors demand more compensation to entice them to hold longer-maturity debt. The rise in US bond yields even prompted Treasury Secretary Scott Bessent to announce expanded buybacks of long-dated government debt — an intervention that failed to stop yields on 10-year Treasuries from surpassing 5% and hitting their highest point in almost two decades.
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