US Bond Yields Hit 24-Year Highs Amid Oil Surge
US Treasury yields climbed to fresh 24-year highs as rising oil prices fueled inflation concerns. The bond selloff was further pressured by heavy corporate debt issuance.
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United States Treasury yields hit fresh 24-year highs on Wednesday as a jump in crude oil prices above $100 per barrel reignited persistent inflation concerns. The 10-year yield climbed 4.4 basis points to 5.316%, matching peaks not seen since 2002. Higher borrowing costs threaten broader economic growth as debt issuance intensifies.
