
The benchmark 30-year Treasury yield also moved back above 5.00% on Tuesday, underscoring rising long-term U.S. borrowing costs while remaining below the May 20 peak of 5.20%.
U.S. long-term borrowing costs climbed on Tuesday as the government sold 30-year Treasury bonds at a 5.06% yield, the highest auction result since 2007. The move came as the 30-year Treasury yield rose back above 5.00% in the secondary market, signaling renewed pressure on long-dated government debt prices, though it stayed below the May 20 peak of 5.20%. Higher Treasury yields generally mean the cost of financing government debt is increasing, and they can also ripple through broader markets by lifting borrowing costs across mortgages, corporate debt, and other long-term financing.