U.S. bond yields rise above 5 percent
U.S. Treasury bond yields rose again to surpass 5% across most maturities, amid increasing expectations of an interest rate hike following hawkish remarks from Federal Reserve Chairman Kevin Worch, who confirmed that inflation remains elevated for longer than anticipated. The yield on the ten-year bond reached 5.010%, the highest level since April 2007. These developments are linked to expectations of two more rate hikes, with a pause being ruled out, and the timeline for achieving the inflation reduction target being pushed to 2029, amidst oil market pressures and ongoing risks to financial stability.
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