Treasury Buyers Get 5% Long Bond for First Time Since 2007

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Investors snagged 5% yields on 30-year Treasuries for the first time since 2007, as surging energy prices push inflation — and expectations for more of it — higher.

A $25 billion auction of new 30-year bonds on Wednesday was awarded at 5.046% based on the yields that bidders said they were willing to accept. The result, which was slightly above the level seen in trading immediately before the auction, showcased middling demand as US government yields reach their highest levels in nearly a year.