According to a recent update from @FT, the US Treasury department reported that Thursday hosted a $25bn auction for 30-year bonds, which produced yields reaching an impressive 5.22 per cent. For a bit of historical context, this represents the highest rate seen in over two decades. The last time yields exceeded this mark was in August 2001, when they paid out at 5.52 per cent. Interestingly, following that specific peak, the government halted 30-year auctions entirely for a period of almost five years.

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