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News · ▼ Bearish · 3 sources confirmed · 2026-09-25 15:33 UTC

Interest Rate on 30-Year Bonds Hit 20-Year High, and It’s Not Inflation

Why now

Thesis: Long-end yields driven by supply, not inflation

Catalyst to watch: Fiscal issuance or Fed balance sheet

Main risk: Fiscal deterioration worsens yields

Why it matters

30-year yields at 20-year highs attributed to non-inflation factors suggests term-premium and fiscal supply pressure.

Related assets & topics

InflationTreasury Bonds

Sources

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