🚨US 30Y Treasury yield has been holding above 5%, the longest run at that level since 2007. TLT Why so high? 👉Lending to the US government for 30 years now looks riskier than before. Inflation keeps running hot, the deficit keeps growing near $2T a year, and the government keeps borrowing more to fill the gap. Bessent sees the problem too. The US joined Japan in a yen intervention USDJPY, and the real goal was to stop Japan, the largest foreign holder of Treasuries, from dumping US debt to defend its own currency. But until inflation and the deficit come down, long yields stay high.(BloFin Research)