Canada 30 Year Bond Yield

The yield on 30-year US government bonds surged to 5.31%, the highest since 2007, amid concerns over public debt and inflation that remains above the Federal Reserve's target. Thirty-year bond yields in Canada and Germany also climbed to multi-year highs. Selling pressure on long-term bonds also stemmed from corporate borrowing to invest in AI and reduced demand for long-term bonds from traditional investors, while the US budget deficit of nearly 2 trillion dollars per year added further pressure. An auction of 30-year bonds worth 25 billion dollars drew a yield of 5.216%, the highest since 2001, and 10-year bonds carried the highest funding cost since 2007, with the 10-year yield rising 3 basis points to 4.72%. Foreign investors reduced their holdings of US government bonds to 9.299 trillion dollars in June from 9.371 trillion dollars in May, with China cutting its holdings by 4% to 633.4 billion dollars, the lowest since September 2008.