US Treasury yields hit multiyear highs as a sharp rise in oil prices revived inflation concerns and boosted bets on a Federal Reserve rate hike. The 10-year yield approached 5%, while rising government debt supply and fiscal worries added pressure to bonds ahead of crucial US inflation data.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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