Getting your player ready...
WASHINGTON — For the first time since the 1990s, the 30-year Treasury bond is becoming the benchmark for the world’s biggest debt investors.
The Federal Reserve’s plan to buy $600 billion of U.S. government debt focuses about 86 percent of its purchases in notes due in 2½ years to 10 years, leaving the so-called long bond as the security that most closely reflects market expectations for inflation.
Since the Fed’s announcement on Nov. 3, the 30-year yield rose 0.28 percentage point.
