The long-term US Treasury yield curve continues to be under pressure. Interest spreads widened further after confirming that Paramount will issue eight-tier bonds and are expected to be priced on Wednesday. Paramount plans to raise approximately $32 billion through this offering, making it one of the largest transactions of its kind — issuing eight first-tier lien dollar-denominated bonds for periods ranging from 2 to 40 years. On the same day, 30-year US Treasury yields fell nearly 3 basis points, hitting 5.59% intraday high, a record high since 2004; 5s30s and 2s10s spreads were both close to the widest level of the day, widening 1.2 basis points and 1.5 basis points respectively.

The long-term US Treasury yield curve continues to be under pressure. Interest spreads widened further after confirming that Paramount will issue eight-tier bonds and are expected to be priced on Wednesday. Paramount plans to raise approximately $32 billion through this offering, making it one of the largest transactions of its kind — issuing eight first-tier lien dollar-denominated bonds for periods ranging from 2 to 40 years. On the same day, 30-year US Treasury yields fell nearly 3 basis points, hitting 5.59% intraday high, a record high since 2004; 5s30s and 2s10s spreads were both close to the widest level of the day, widening 1.2 basis points and 1.5 basis points respectively.