US long-term borrowing costs hit highest level since 2002 amid bond sell-off

US: The United States is the issuer of Treasury securities that serve as global benchmarks for borrowing costs and anchor international fixed-income markets. Recent investor concerns over inflation persistence and elevated public debt levels have driven volatility in US bond markets. These factors are central to the resumed global sell-off pushing long-term borrowing costs higher as reported in the news. Policy Scrutiny: Federal Reserve actions remain in focus as bond market moves test the balance between growth resilience and price stability. Fiscal Management: Treasury officials have expanded buyback programs to support market functioning amid debt-related investor anxiety. Inflation Drivers: Geopolitical events have boosted energy costs and sustained inflation pressures that weigh on fixed-income assets.