Bonds
Lesser-Known Treasury Yield Is on Brink of Historic Breakthrough
- Inflation-protected 30-year yield near 2%, highest since 2011
- TIPS auction on Aug. 24 will reveal strength of buyer interest
The US Treasury building in Washington, DC.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Short-term Treasury yields once again advancing toward 5% hog the spotlight, but there’s another drama unfolding in a lesser-known corner of the US government bond market.
The yield on 30-year inflation-protected Treasuries is on the cusp of exceeding 2% for the first time in more than a decade. Whether it gets there and where it will stop if it does has bond investors on edge.