30-year Treasury auction clears above 5%

The latest 30-year Treasury auction drew a 5.058% yield.
That is the highest level since the run-up to the Global Financial Crisis.
Long-duration debt is becoming more expensive for the U.S. government.
The market is demanding higher compensation to hold duration as deficits, issuance, and inflation risk remain in focus.
For $UST, the long end is still sending a warning.