US Treasury yields amid inflation concerns
U.S. Treasury bond yields rose slightly amid growing investor concerns about global inflation, with the 10-year bond yield reaching around 5.21%, the highest level since 2007. This was accompanied by an increase in oil prices to approximately $94 per barrel, adding further pressure on inflation expectations and the economies of major countries. Yields on 30-year and 2-year bonds also saw notable increases, as investor appetite for riskier assets declined and rising energy prices impacted inflation rates and borrowing costs. This comes ahead of the upcoming important U.S. data releases on employment and inflation scheduled for next week.
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