[10-Year U.S. Treasury Yield Hits Highest Since Financial Crisis] BlockBeats reports that on August 13, local time Wednesday, the U.S. Treasury issued $42 billion in 10-year Treasury bonds, with the winning yield rising to its highest level since 2007. Although investors still showed some demand, the return rate required to purchase U.S. Treasuries has been increasing. The 10-year Treasury yield had previously risen to an 18-month high of around 4.75%. Meanwhile, the 30-year Treasury yield hovered above 5.2%, and the 30-year Treasury auction scheduled for Thursday is expected to see financing costs reach their highest level in about 25 years. This indicates that even if the Federal Reserve does not raise rates in September, the U.S. government's long-term financing costs may not necessarily decrease as a result. Analysts point out that this situation highlights the core contradiction in the current U.S. interest rate market: while policy rates are determined by the Federal Reserve, long-term borrowing costs are increasingly influenced by a combination of fiscal policy, inflation, oil prices, and investor risk appetite.