Business & Finance
Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk
Key Points
Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk The US Treasury market fell, pushing 10- and 30-year yields to the highest levels in about two months, as a surge in crude oil prices stoked concern that inflationary pressures will prompt the Federal Reserve to raise interest rates. Yields on Tuesday were higher by two to four points across maturities, with the 10-year yield rising to touch its highest since late May at 4.64%.
Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk
The US Treasury market fell, pushing 10- and 30-year yields to the highest levels in about two months, as a surge in crude oil prices stoked concern that inflationary pressures will prompt the Federal Reserve to raise interest rates.
Yields on Tuesday were higher by two to four points across maturities, with the 10-year yield rising to touch its highest since late May at 4.64%. As the US and Iran exchanged strikes for a 10th consecutive day, the dollar advanced against most major currencies.