US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale – business live

Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001 Gennadiy Goldberg , head of US rates strategy at TD Securities , agrees that the rise in US borrowing costs is “problematic” for the Trump Treasury, adding ( via the FT ): “They have to fund the government at more expensive levels.” “Investors are being asked to absorb a growing supply of government debt globally at a time when deficits remain large, inflation uncertainty persists.” “If investors continue demanding greater compensation for inflation and fiscal risks, long-term yiel