US Yields Rise on Oil Inflation Fears
US Treasury yields rose for a second consecutive session as surging oil prices heightened inflation worries. Investors are now closely watching a 30-year bond auction to gauge long-term debt demand.
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United States Treasuries fell during Thursday late morning trading, pushing the benchmark 10-year yield up 2.8 basis points to 5.305%. The move extends a two-day debt selloff driven by mounting inflation fears from surging oil prices. Higher yields reflect declining bond prices as investors prepare for a $22 billion 30-year bond auction.
