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U.S. 10- and 30-year bond yields rose to their highest levels in 24 years, as inflationary pressures persist due to rising oil prices and market concerns over potential supply restrictions. The yield on the 10-year Treasury bond increased to 5.364% before decreasing to 5.316%, while the 30-year bond yield reached 5.696%. Meanwhile, the two-year Treasury yield declined to 4.783%. This comes amid an increase in Brent crude oil prices to over $101 per barrel and potential supply constraints due to storms and attacks on Saudi Arabia, fueling inflation fears and impacting market valuations. Additionally, SpaceX is seeking to raise $40 billion to fund long-term debt, adding further pressure to the bond market. The market is also awaiting a $39 billion 10-year bond auction, with expectations that it will be absorbed smoothly, while investors continue to monitor yield trajectories and Federal Reserve expectations.
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