Federal Reserve Chair nominee Kevin Warsh speaks during a Senate Committee on Banking, Housing, and Urban Affairs hearing on his nomination in April. He was confirmed on Wednesday. Photo by Bonnie Cash/UPI | License Photo
May 15 (UPI) -- The U.S. treasury sold $25 billion of 30-year bonds Wednesday, yielding 5.05% after reports showed higher inflation from the war with Iran, the highest yield in a year.
The yield on the 30-year bond jumped more than 10 basis points to yield 5.12%, the highest since May 22, 2025, CNBC reported.
The yield on the 10-year treasury note, which is the main benchmark for U.S. borrowing, jumped more than 11 basis points to 4.57%, while the two-year-treasury note jumped more than 8 basis points to 4.08%.
A basis point is .01%, CNBC said. The auction marked the first time since 2007 that the government issued a 5% yield on a 30-year debt.
