30-Year Treasury Yields Hit 5%: Trump's Interest Bill Balloons To $1.2 Trillion

The yield on the 30-year US Treasury bond has retaken the 5% mark for the third time in less than three years, and this time the bill is arriving in plain sight: Washington is now spending roughly $1.22 trillion a year servicing its debt, the equivalent of over 4% of GDP and a level the United States has not paid out in interest since the early 1990s. Long-end yields traded at 4.99% intraday on Tuesday after closing…