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Treasury bond pressures ease after peak
U.S. 30-year Treasury bond yields declined after reaching their highest level since 2002, falling by 4 basis points to 5.553%. Yields on 10-year bonds also decreased by 3 basis points to 5.221%, while 2-year Treasury yields dropped by one basis point to 4.876%. These changes come amid concerns over the inflationary impact of rising oil prices due to the Middle East conflict and the possibility of the Federal Reserve raising interest rates, with a 45% likelihood of a rate hike at its upcoming meeting. The President of the Federal Reserve Bank of New York confirmed that there is sufficient time to gather more information before making a decision to increase interest rates.
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