Treasury Yields Hit 2025 Highs as Oil Prices Surge
Brent crude has climbed above 111 dollars per barrel as supply disruptions in the Strait of Hormuz persist and global inventories dry up. This energy rally is driving 10-year Treasury yields to 4.631 percent while G7 finance ministers meet in Paris to address rising debt and inflation concerns.
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Brent Crude Oil rose above $111.00 as supply disruptions in the Strait of Hormuz threaten to remove 1 billion barrels of crude by the end of May. Global inventories are drying up while shipping traffic through the corridor remains well below the pre-war average of 136 vessels daily. Rising energy costs are fueling a global bond rout and pressuring equity valuations as the 10-year Treasury yield hit 4.631%.
