Treasury Selloff Pushes Long-Term Yields to Decade-Plus Highs After $742B Week

The U.S. government sold $742 billion of Treasuries in nine auctions this week (mostly T-bills, with $157 billion in notes/bonds). Long-dated yields surged: the 30-year auction yield reached 5.216% (highest since 2001) and the 10-year at 4.683% (highest since 2007); in the secondary market, 30-year yields hovered around 5.26% and 10-year near 4.70%. The piece frames this as a reflection of mounting debt and inflation risk, with mixed views on Fed policy and potential implications for bond investors and currency dynamics.