Global bond yields surge as debt fears test bitcoin’s hedge narrative Long-term borrowing costs are reaching multi-decade highs as U.S. debt approaches $40 trillion and AI hyperscalers accelerate bond issuance. – The 30-year U.S.
Treasury yield has climbed to 5.33%, its highest level in about 20 years. – Higher bond returns threaten to draw capital away from risk assets, but gold’s rally suggests investors are also hedging against weakening sovereign credibility
Long-term government bond yields are climbing to levels not seen in decades, as investors contend with a wave of debt issuance and growing concerns about sovereign finances as U.S. government debt is approaching $40 trillion. Bond prices and yields move inversely, meaning yields rise when investors sell bonds. The 30-year U.S.
Treasury yield has reached 5.33%, its highest level since 2007, while the equivalent U.K. gilt yield is approaching 6%. French borrowing costs are at their highest since 2008, and Japan’s long-term yields continue to set records. TLT, the exchange-traded fund (ETF) tracking long-duration U.S.