US Treasury Yields Hit Multi-Decade Highs as National Debt Surges

BCS -0.51% DB 0.00% GDX -0.41% GLD -0.16%

1. 1US Treasury yields reached multi-decade highs in response to a surge in the national debt approaching $40 trillion
2. 2At last week's auctions, the 10-year note was awarded at 4.683% (a 19-year high) and the 30-year bond at 5.216% (a 25-year high)
3. 3This year's fiscal deficit is projected at roughly $2.1 trillion, yet demand from domestic and foreign investors remains firm

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