The yield on the US 30-year Treasury rose as high as 5.286% during the session, returning close to the level seen before US Treasury Secretary Scott Bessent's intervention in the bond market last month.
Walter Bloomberg, an overseas markets news feed, reported on Sept. 1 that the 30-year Treasury yield climbed to 5.286% intraday, its highest since Aug. 18. It later traded just below 5.26%.
Long-term Treasury yields had fallen for a period after Bessent intervened in the bond market. But the latest increase has erased most of that decline, suggesting the impact was short-lived.
The renewed rise in the 30-year yield shows pressure is building again on long-term US borrowing costs, Walter Bloomberg reported.
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