US long-term borrowing costs rise to 25-year high, as inflation fears hit bond sale – business live

Introduction: US sells 30-year bonds at highest borrowing costs since 2001

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The fiscal pressures on the US government have risen after it paid the highest borrowing costs to sell long-term bonds in a quarter of a century.

An auction of 30-year US Treasury bonds last night showed that investors are demanding a heavy premium to take on long-duration US debt, amid concerns over the risk from inflation and the country’s rising national debt.