The U.S. government paid its highest rate on 30-year Treasury bonds since 2001. Inflation and debt fears linger, but stocks and spending are going strong.

The US Treasury is auctioning $25 billion in 30-year bonds at yields above 5.2%, the highest interest rate on new long-dated government debt

“We’re not really at a level where people seem to be going crazy, saying ‘I want to buy the 30-year,’ and that should be a warning."