Bond bear market watch: U.S. Treasury bond yields soared yesterday after few eager buyers showed up to bid on the latest round of debt.
As the FT reports: The 30-year Treasury yield rose to 4.30 per cent on Thursday from 4.10 per cent the day before after bids at the government auction came at lower prices than expected. The 30-year Treasury is now at its highest level since last November. The rise in bond yields has raised questions about whether the Federal Reserve will step up efforts - which began in March - to keep yields down through direct purchases of government bonds.
The funny money printing crew in Washington is starting to lose control...
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