The yield on 30-year US Treasuries climbed to the highest in more than a year in a session that gave investors a taste of how President-elect Donald Trump may roil financial markets in the coming months.
The rate on the long bond climbed as much as 5 basis points on Monday to about 4.86%, the highest since November 2023, before a $58 billion sale of three-year notes. The market is bracing for a combined $119 billion of US government-debt issuance this week. The Treasury will also auction 10-year notes Tuesday and 30-year bonds Wednesday, each a day earlier than normal due to Thursday’s state funeral of former President Jimmy Carter.
The pressure on US debt adds to scrutiny in recent weeks over concerns the incoming administration’s policies will reignite inflation. The dollar slumped Monday and bonds pared some losses after the Washington Post reported that aides to Trump are considering narrowing the scope of his tariff plan, which…
