🔥 Demand for 20-year U.S. Treasury bonds in today's auction worth $16 billion was weak, causing yields to rise to the highest level of the year. Investors accepted a yield of 5.047%, significantly higher than the average of 4.613% from the last six auctions, reflecting concerns about instability in U.S. economic policy.

This is also the first time since October 2023 that the yield on 20-year bonds has exceeded 5%. Following the auction results, the yield on 20-year bonds rose to 5.103%, while the yield on 30-year bonds also reached its highest level of the year at 5.071%.

Rising yields mean falling bond prices, indicating a decrease in the demand for long-term U.S. debt.