US borrowing costs climb amid fleeting rate cuts
US borrowing costs increased again despite the government's attempt to lower them through bond buybacks. The 30-year bond yield rose to approximately 5.27%, reversing gains from earlier in the week, amid ongoing concerns over high borrowing levels and a national debt exceeding $40 trillion. The Treasury Department's intervention was seen as a short-term measure, with experts citing persistent market pressures from global borrowing, inflation fears, and rising oil prices.
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