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US Long Bonds Risk Deeper Selloff

Bloomberg Markets •
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Bond investors will zero in on [PERSON_NAME]’s [ADDRESS] speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman’s response to persistent inflation and fiscal concerns. Long-term [ADDRESS] bonds have come under pressure in recent weeks, with traders pushing the yield on 30-year bonds to the highest level since 2007 at one point. The Treasury Department responded by announcing plans to at least double the size of buybacks of longer-dated securities, providing only temporary relief from the selloff.