US 30-Year Treasury Yields Fall From Multi-Year Highs

Yields on 30-year US Treasuries fell sharply from 19-year highs on Wednesday. The decline followed a Treasury announcement to double liquidity support buybacks.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo

United States 30-year Treasury yields fell 10 basis points to 5.187% on Wednesday afternoon after the Treasury Department doubled liquidity support operations. The drop follows a peak of 5.337% on Tuesday, which marked the highest level since 2007 amid persistent inflation concerns. The intervention aims to calm long-term borrowing costs following a global debt selloff driven by geopolitical tensions involving Iran .

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