10-year U.S. Treasury yields hit 2007 high
U.S. 10-year Treasury bond yields jumped to their highest level since 2007, surpassing 5%, amid rising oil prices and growing concerns over global inflation. This comes ahead of a possible Federal Reserve decision to raise interest rates, which is exerting pressure on global bond markets and increasing borrowing costs, while foreign investors continue to demand bonds and central bank purchases remain modest. Expectations suggest that yields may remain high given the strength of the U.S. economy and the lack of clear signs of economic activity slowing down.
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