US Sells 30-Year Bonds at 5 Percent Yield for First Time Since 2007

The U.S. federal government has sold 30-year debt at auction at a yield above 5 percent for the first time since 2007.
The Treasury Department sold $25 billion of new 30-year bonds on May 13, with the auction yield reaching 5.046 percent.
Treasury bond yields represent the return investors receive for lending to the U.S. government over different periods. They move in the opposite direction to prices, meaning higher yields usually reflect falling bond prices or investors demanding a better return to buy the debt.
The auction was part of the Treasury’s wider May refunding plan. On May 6, the Treasury said it would sell $58 billion in three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds, while raising $41.7 billion in new cash from private investors….