30-Year Treasury Yield Jumps to 4.96% despite "Solid" Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide

The bond market’s reaction to the inflationary environment, to fears of a lax Fed, and to a Mississippi River of new debt. By Wolf Richter for WOLF STREET . The 30-year Treasury yield rose by 10 basis points on Friday to 4.96%, despite a 30
Read more...