finance
30-Year Treasury Yields Rise to Highest Levels Since 2008
Yields on 30-year U.S. Treasury bonds have climbed to levels last seen during the 2008 financial crisis. Economist Chris Martenson stated that global oil supply has declined by 13 million barrels per day.
May 21, 7:50 PM·1m read1 source
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U.S. Treasury bonds have reached their highest levels since the 2007-2008 financial crisis. The increase comes as global oil supply has fallen by 13 million barrels per day, according to economist Chris Martenson. U.S. dollar dominance in global energy trade for more than five decades. Martenson said the system is now unwinding.
Higher long-term yields raise borrowing costs for the federal government and for corporations that issue long-dated debt. U.S. Treasury must refinance maturing debt at these elevated rates. Martenson stated that the United States can no longer rely on military strength to offset its economic vulnerabilities. U.S. fiscal deficits.
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