30-Year Treasury Auction Yields Hit 5.22%, a 25-Year High
The 30-year Treasury auction cleared at 5.22% — a 25-year high — as investors demand more compensation for America's $40 trillion debt pile. With a $1.85 trillion deficit and $1 trillion in annual interest costs now exceeding defense spending, the auction reprices the risk-free rate that anchors every asset class. Rising long-term yields threaten to tighten financial conditions and pressure equity valuations.