30-year Treasury yield rises above 5.3 percent as U.S. debt surges, Peter Schiff notes

30-year Treasury yield rises above 5.3 percent as U.S. debt surges, Peter Schiff notes
30-year Treasury yield surpasses 5.3 percent

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, highlights that the yield on the 30-year Treasury has surpassed 5.3 percent for the first time since April 2007.

He observes that at that time, U.S. national debt was under $8.8 trillion, while it now exceeds $39.9 trillion—more than 4.5 times higher. Schiff further notes that bond yields were trending down in 2007, whereas they are currently trending up.

Schiff recently stated that the Federal Reserve is unlikely to raise interest rates despite persistent U.S. inflation, citing risks tied to high government debt and the Treasury market in a previous warning. He also reported that Strategy sold 1,690 BTC for $108.6 million and $653 million in MSTR shares, lowering its BTC yield to 1.7 percent last year according to his analysis. These points add context to his ongoing scrutiny of fiscal and market conditions.

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