U.S. Treasury

Microsoft, Apple, Alphabet, Amazon and Meta are issuing bonds at yields so close to Treasury rates that investors are shifting capital away from government debt, forcing Washington to pay more to borrow.

Aug. 20 intervention targets duration compression at long end of curve as yields near two-decade peaks

Treasury Secretary Scott Bessent's yen intervention and signals of potential long-bond sale reductions aim to pull U.S. long-term rates off a 19-year high.

Treasury Secretary Scott Bessent confirmed issuance sizes for coupon and floating-rate notes will remain unchanged for several quarters, rebuffing Wall Street calls for more long-dated supply.

President Trump confirmed the U.S. Treasury purchased between $5 billion and $10 billion in Japanese yen in a coordinated move with Japan's finance ministry to counter yen weakness.