US long-term borrowing costs rise to 25-year high, as inflation fears hit bond sale - business live
The US Treasury paid its highest borrowing costs in a quarter of a century at its latest 30-year bond auction, as investors demanded a heavy premium on long-term government debt over inflation and fiscal concerns. A Treasury plan to double bond buybacks gave markets a brief reprieve, but yields quickly climbed again. Stocks were mixed globally, while the White House pressed an economic campaign against Iran.