A higher neutral rate should raise yields across the curve, led by rising short-term rates along with some restoration of a term premium for owning longer-dated Treasuries.

Source: https://businessmirror.com.ph/2023/02/22/investors-stung-by-treasuries-rout-brace-for-next-fed-blow/

In addition, since we are close to the end of the this aggressive rate hiking cycle, investors can also look out into diversifying risk into slightly longer-dated treasury bonds to lock in higher rates.

Source: https://seekingalpha.com/article/4633518-buy-short-term-treasuries-to-reduce-risk-and-enjoy-the-risk-free-yield?source=feed_all_articles

Investors already see signs of their dwindling demand raising borrowing costs, one being a recent rise in longer-dated yields relative to shorter ones.

Source: https://www.shorenewsnetwork.com/2023/09/22/analysis-a-year-after-budget/

SVB - during the era when economists were talking about deflation returning - invested in longer-dated US government bonds, with a longer maturity of 15 or more years.

Source: https://www.dailymail.co.uk/news/article-11856397/How-Silicon-Valley-Bank-collapse-affect-Australia.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

The first choice is dilutive to per-share values; the second, if excessive, can expose the REIT to rising debt costs at a time when operating costs might rise or exceed the revenue growth from rent escalation clauses or longer-dated lease expirations.

Source: https://seekingalpha.com/article/4579840-horizon-kinetics-q4-2022-commentary?source=feed_all_articles

This largely stems from the Bank of England's quantitative easing programme through which it effectively replaced longer-dated government bonds with very short-term central bank reserves, linked directly to the bank's bank rate.

Source: https://www.irishexaminer.com/business/economy/arid-41183476.html

US diesel futures have also shifted into the widest backwardation since March, a market structure where prompt contracts trade at premiums to longer-dated ones.

Source: https://www.insurancejournal.com/news/international/2023/09/12/739924.htm