Treasuries Fall As Oil Prices Ignite Inflation Concerns
This global rout stems from the war-led surge in oil prices since March, which has stoked inflation.
Photographer: David Paul Morris/BloombergUS Treasuries slid with global peers as persistently higher oil prices threatened to worsen inflation and keep interest rates elevated for longer.
The yield on two-year Treasuries climbed to 4.05%, while those on the 10-year rose near 4.52%, both reaching their highest levels in a year. Brent crude climbed above $107 a barrel as the prolonged closure of the Strait of Hormuz fueled supply concerns.