https://archive.ph/zKOQi
It actually gets worse.
The 30-year U.S. Treasury yield climbed above 4.8% on Thursday, from 4.655% the prior day, after a sale of $24 billion in bonds received far less demand from investors than the government is used to.
Primary dealers, big banks who are obligated to finance whatever portion of a Treasury auction isn't purchased by other investors, bought nearly a quarter of the issuance—more than double their average in recent 30-year auctions, according to BMO Capital Markets.
Waning demand for long-term Treasurys rattled the stock and bond markets in recent months before the Treasury Department offered a dose of relief with less-aggressive borrowing plans than many expected.
Today's auction could revive worries that buyers of U.S. debt will now require higher interest rates to step up.
No one wants the US's garbage anymore.