The U.S. 30-year Treasury yield has remained above 5% for 55 trading days, the longest such period since 2006, as investors sell long-maturity government bonds amid inflation concerns, uncertainty over Federal Reserve policy and rising debt supply. The yield climbed above 5.270% on the 1st, while the 10-year yield rose to 4.780%. Treasury Secretary Scott Bessent said the United States should reduce its real debt burden through economic growth rather than fiscal austerity, arguing at the G20 Finance Ministers' Meeting in Asheville, North Carolina, that growth was the only way out of the world's debt problem. Markets initially interpreted Federal Reserve Chair Kevin Warsh's Jackson Hole remarks as increasing the likelihood of rate hikes, with CME FedWatch showing a 65.4% probability of a 25-basis-point increase at the September FOMC meeting. Subsequent analysis attributed much of the 30-year yield increase to higher real rates rather than worsening inflation expectations, indicating that investors are demanding more compensation to hold long-duration bonds. Corporate debt supply, Treasury issuance and limited demand from institutional investors are adding to the pressure. A $6.5 million options trade positioned for the 30-year yield to rise to about 5.7%, although some investors believe yields may be nearing a peak. Bessent rejected the idea that higher yields reflect distrust of U.S. fiscal health, while policy discussions have focused on stablecoins (digital assets designed to maintain a stable value) and bank deregulation as ways to increase demand for Treasuries. President Donald Trump said U.S. rates were too high but that Warsh would do what was necessary. The next FOMC meeting is scheduled for the 15th–16th, with jobs and inflation data due beforehand; SEI Investments' Sean Simko said persistent inflation and a stable labor market would favor a rate hike at the September 16 decision.