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Story summary
- The U.S. Treasury will sell $25 billion of 30-year bonds Thursday, targeting a 5.23% yield, the highest since 2001.
- Wednesday’s 10-year auction cleared $42 billion at a 4.683% yield, the highest for that tenor since 2007.
- The federal deficit hit roughly $1.8 trillion in the first ten months, with a $432 billion shortfall in July.
- Analysts Michal Stanczyk and Demi Hu warn price-sensitive investors now need higher yields despite the auction clearing.
