US Treasury yields rose significantly, with the 10-year rate exceeding 4.75 percent. Rising oil prices and persistent inflation fueled expectations of a Federal Reserve rate increase. Short-term yields surged after Fed Chairman Kevin Warsh signaled potential action to control inflation. Investors are now closely watching employment and consumer price data for policy clues. Upcoming corporate bond supply also adds pressure to longer-term Treasury yields.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.